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Ada Game Lands RMB 7.5 Mln Series A Funding

Investide, 3/28/14

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.

Keywords: mobile gaming funding wireless Ada Sanguozhi Ada Game valuation first-round

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