China 9You online gaming company raises $100M ahead of public listing
By Azam on March 23, 2008China 9you recently announced funding to the tune of 100M lead by Temasek Holdings. Reported by redline china from pearl research. 9You launched Gtown a virtual world for gaming experience under the 9you environment for games. 9You says the investment will help the company to continue transforming its business into an entertainment virtual community. Founded in 2003, 9You is currently operating one of China’s most popular online casual games Audition. By February 2008, the company’s games combined have more than 1 million peak concurrent users. The funding will like lead to anticipated IPO later this year.
Company Description
As an integrated service platform for all types of interactive entertainment services, the major business objective of the 9you.com is to bring the best, fastest, all-covered and coolest digital entertainment services to its subscribers of a wide range of ages, including the hard-cored and the light users, male and female users.
Nineyou (www.9you.com)(Shanghai Everstar Online Entertainment Co .Ltd.) is one of China’s the global’s largest online digital lifestyle entertainment operators including: , casual gaming, interactive entertainment portal sites, which is the first to integrate online game services (MMORPG, massive and medium size casual games, mobile game, etc.), fashionable digital entertainment content with a variety of chatting and community services equipped with Avatar System, wireless value-added services and other premiere services to the Chinese language internet users. The company caters to wide demographic audience with wide-coverage for all major types of user needs related with digital entertainment service; the 9you.com represents the latest service style and the newest trend for the digital entertainment provider business in China Market
Previous Investors
The former investors of Nineyou are several leading international venture capital funds, including the Carlyle Group, China Merchant Fortune Ventures, and Dragon Groove Inc.
Categories : ChinaTags : 9you, China, gaming, Temasek