Wuxi-based game developer Ada Game Software announced yesterday that the company has received RMB 7.5 mln in first-round funding from unnamed investors. Ada Game has sold a 15% stake in the company, valuing Ada Game at RMB 50 mln. Ada Game previously received RMB 2 mln in angel funding in 2011 from Xianfeng China Renaissance K2 Ventures.
Ada Game recently launched its self-developed Three Kingdoms-themed mobile strategy game Ada Sanguozhi (Sanguozhi 2014).
Editor's Note: For more background on this topic, please see "Ada Game Allows Gamers to Buy Virtual Items on Credit" MD 3/27/14 issue.