Shenzhen Capital, Matrix Participate $16M Series A In MoFang

Beijing-based mobile game media platform MoFang has completed RMB100 million (US$16 million) series A financing led by Shenzhen Capital Group, according to a company announcement.

Existing investor Matrix Partners also participated in this round of financing.

Founded in February 2013, MoFang received RMB10 million angel investment from Matrix Partners last June.

"The future strategic plan of MoFang will be to focus on mobile network, social community building, promoting its core product app, as well as expanding overseas operations," says Wang Jian, MoFang’s CEO, in the announcement.

MoFang provides users with new mobile game information and evaluations, game videos and industry analysis. The daily app new users have reached 300,000, and the daily unique visitors (UV) is around 500,000.