Online Gaming Developer LineKong Completes $80M Series C Round

Beijing-based online gaming developer LineKong has raised US$80 million in series C funding, according to Chinese media reports.

Investors include Orchid Asia Group Management, SAIF Partners, Starwish Global and Profitable Century International.

LineKong previously received US$10 million series A funding from IDG Capital Partners in 2007, and US$25 million series B funding from NEA (New Enterprise Associates) and Northern Light Venture Capital in 2008.

The company says it will use the proceeds to strengthen research and development, as well as enhance game quality.

Founded in 2007, LineKong started as a client game developer, then shifted its focus to mobile games in April 2013.

LineKong plans to release ten mobile games in 2014 with more than half of them to be developed by LineKong’s own team.

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