The publisher received this amount during the second round of financing. The total amount of funds raised since 2011 has reached $18 million. Investments will be used to expand the publishing business.
In addition to publishing Western games in China, the funds raised will help the company enter the Japanese and Korean markets. It is these countries that now bring in the most revenue through Google Play.
As part of the company’s globalization, a new studio will be opened in Seoul, which should help the Yodo1 publishing model take root in the Korean market.
According to Henry Fong, CEO of Yodo1, the company now has more than 90 million active mobile gamers in China, which indicates a 750% increase compared to 2012.
“Now we are ready to conquer the world together with our investors and developers who, like us, strive to enter new markets,” he added.
Source: www.insidemobileapps.com