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Rumor: Linekong Gained Millions Dollars of VC Investment
According to resources, Chinese online game developer Linekong has recently acquired a huge venture capital investment of more than USD 20 million.

According to resources, Chinese online game developer Linekong has recently acquired a huge venture capital investment of more than USD 20 million. This is the second round of financing Linekong has got after the USD 10 million investment from IDG VC.

This is rare in Chinese online game industry for an online game enterprise to get two investment of ten million level. If this rumor is ture, then it would be the highest record of a single venture capital investment.

Founded in last March, Linekong Technologies is a new internet content provider which focuses on interactive entertainment development. Now there are multiple projects under operation by Linekong, including Wending and Skyward Sword and Dragon-kill Falchion. Rexu Xiyou and Yongbing Tianxia which developed by itself will launch at the end of this year and early next year separately.

According to predict, Wending and Rexue Xiyou will continue the success of Wendao and Zhuxian, estimated to reach PCU between 200 and 300 thousand. And the revenue of each game will reach 20 million to 30 million RMB. Adding to Yongbing Tianxia and Skyward Sword and Dragon-kill Falchion,

In the annual conference of Chinese game industry, Linekong gained the award as one of the Top 10 New Enterprises, and its CEO Wangfeng was awarded as one of the Top 10 New Characters.

Article by : 17173
Created On : Wed May 14 2008
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