Shinezone, a Pudong, Shangai, China-based exporter of online games, completed a RMB 400m Series B financing.
Backers included China Fortune Securities, Bank of Ningbo, Shanshan Venture Capital, Jiuyou Fund, Nord Engine Capital and HTVC.
The company, which has also announced the initiation of a plan to gain an A-share listing in China, plans to use the funds to expand its global distribution network, create a complete industry chain by acquiring upstream and downstream gaming companies and platforms in overseas markets and increase its investment in incubator technology and talent.
Established by the Li Hualiang family and Sina in 2011, Shinezone specializes in the in-house development and publication of web and mobile games for global markets. The company has released more than 23 products in 18 countries and regions, with hundreds of millions of users in addition to having established strategic partnerships with international social and gaming platforms including Facebook, the App Store, Google Play, ArmorGames and Sina.