The Chinese company Chukong Technologies received $50 million of investments from the venture fund New Horizon Capital. The money will be spent on creating their own publishing brand, a development department and a department dealing with engines, as reported by GamesIndustry.
The injections will help the company increase its already considerable monthly profit of $12 million. Since its foundation, the company has managed to attract more than $83 million in investments. Today, about 11 million people launch Chukong Technologies games every day. Chinese projects attract an audience of 60 million users per month. 90% of them play Fishing Joy.
The executive director of Chukong Technologies, Haozhi Chen, claims that now there is an active popularization of smartphones in China and other major countries. In the current conditions, the company sees the prospect of development not only in the publication of high-quality mobile games, but also in the creation of tools for developers. We are talking about the Cocos2D-x 2D technology, which is still used by more than 400 thousand developers. The distribution of the engine will help young teams gain access to new mobile platforms and solve all the problems associated with platform fragmentation.
In addition to publishing and developing its own mobile games, Chukong company localizes projects from Gameloft, Disney and Konami for the Chinese market.
Sources: chinamoneypodcast.com , gamesindustry.biz