China’s The9 invests $38 million in G10 online gaming company
Shanghai-based online games operator The9 announced it has acquired a minority stake in Korea’s G10 Entertainment for $38 million.
G10 is developing casual online games, including a franchise series dubbed “Audition” which has a strong following in China. G10 has eight games in development in addition to the Audition series. The9 operates a number of online games in China, including Audition 2 and Blizzard’s “World of Warcraft” and “Hellgate: London.”
The9 also creates and operates its own online games. Electronic Arts has an investment in The9. The amount of the investment clearly shows that online games in Asia is still a hot market.
Next Story: Audience announces $15M for clear voice communications
Previous Story: Lightpole launches mobile services tied to Yahoo Fire Eagle
About the Author, Dean Takahashi
Dean is lead writer for GamesBeat at VentureBeat. He covers video games, security, chips and a variety of other subjects. Dean previously worked at the San Jose Mercury News, the Wall Street Journal, the Red Herring, the Los Angeles Times, the Orange County Register and the Dallas Times Herald. He is the author of two books, Opening the Xbox and the Xbox 360 Uncloaked. Follow him on Twitter at @deantak, and follow VentureBeat on Twitter at @venturebeat.