Gaming Firm Chengzhang Lands RMB 60 Mln in Funding
Donews, 1/24/13
Zhuhai-based online gaming company Zhuhai Chengzhang Technology announced today that it recently received RMB 60 mln in financing. The investment was reportedly led by an unnamed listed domestic company, with two VC firms also taking part. Chengzhang Technology deputy GM Hong Tao said that plans for the new funds center around expanding the company's client-based gaming and mobile gaming businesses, as well as further developing Chengzhang Technology's browser gaming platform.
Hong added that Chengzhang's first client-based game product, 2D fantasy MMORPG "Long Zhi Huanxiang," will be released for initial public beta testing on January 25. Other new titles currently under development at the company's Zhuhai and Hangzhou game R&D bases will be released, respectively, in June and September 2013.
Hong Tao previously worked at Chinese software developer and online entertainment provider Kingsoft (3888.HK) and China Telecom (NYSE: CHA; 0728.HK). In 2010, Hong led the operations team for the turn-based MMORPG "Tao Hua Yuan Ji Online," subsequently joining Chengzhang Technology as a partner in 2012. Chengzhang Technology was established in 2006 with an initial investment of RMB 26 mln from an internet industry angel investor. Chengzhang currently operates a number of browser games, as well as the browser game platform 125Wan, and has a wireless business division.
Keywords: Hong Tao browser game mobile gaming online gaming Internet funding MMORPG Long Zhi Huanxiang VC
Sending
