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Rumor: Huawei Invests 9-Digit RMB Sum in Kunlun Wanwei

Tencent Tech, 8/11/11

An industry source has revealed that Chinese telecom equipment and terminal manufacturer Huawei Technologies recently finalized its investment of several hundred mln RMB in Beijing-based online game developer and operator Kunlun Wanwei. The two firms will now work together in forging an overseas strategy.

A source within Kunlun Wanwei said that the company is currently making preparations to IPO next year, and that the Huawei funding represents a major step toward Kunlun Wanwei's goal of entering the global market. Both companies declined to comment on the deal.

Editor' Note: According to Chinese news portal iFeng, Huawei may not only be able to provide Kunlun Wanwei with capital investment, but can also serve as a channel for pre-installing Kunlun Wanwei properties, such as its mobile gaming portal, on Huawei devices.

Keywords: Internet investment strategy Huawei Kunlun Wanwei online gaming mobile gaming

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