Comment on Mobile Game Developer LineKong Rakes in $80 Million of Series C Funding by Chinese Gaming Company Linekong Entertainment Files for IPO on HKEx GEM | TechNode

['Emma Lee', 'More Emma Lee', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-01-20 00:00:00

Wang Feng, CEO of mobile game developer LineKong, confirmed today the company had secured $80 million of Series C funding from consortium consisted of Orchid Asia, SAIF Partners, Starwish Global Limited, Profitable Century International Limited. The company has received overall $35 million of investments from IDG Capital Partners, Northern Light Venture Capital, NEA in previous rounds of financing. Wang Feng, CEO of the company, disclosed that the capital will be used for R&D, team construction, among others. Wang added that the company planned to release ten mobile games in 2014 with more than half of them to be developed by LineKong team. Both Wang Feng and Liao Mingxiang, president of the company, had worked in Kingsoft for several years before founding LineKong .