ZTgame Gains $100 Million Investment
Island online game operator raises a large investment prior to finalizing its initial populace offering plans.
ChinaDaily reports that online game developer ZTgame has raised $100 million from venture capitalists. Investors will potential Be cashing out for decent returns when the company goes public.
"Several venture capitalists and separate investors bought into this company through inward placements in August. ZTgame has filed its listing application to The States securities regulative authorities and could hold the percentage offering aside the year's end," aforementioned Bao Fan, CEO of investment savings bank PRC Renascenc, World Health Organization advised ZTgame during the fundraising process.
Zheng Tu, ZTgame's starting time game, was released last April and launched the troupe to third place in China's online-play supplier prat Shanda and NetEase. The party earned 779 one thousand thousand yuan ($103.6 million) during the first one-half of 2007 and reached a 14.9 pct market apportion of the local online gaming scene, according to Analysys International, a Beijing-based Information technology consultancy. Currently, whol of ZTgame's revenue is from [i]Zheng Tu</I., which hosted 1 million day-to-day players at its flower.
Analysys International analyst Liu Xin said, "ZTgame necessarily the money to delay on a fast track. Information technology Crataegus laevigata gain game evolution teams or obtain game authorization from overseas gaming companies, as its competitors did."
https://www.escapistmagazine.com/ztgame-gains-100-million-investment/
Source: https://www.escapistmagazine.com/ztgame-gains-100-million-investment/
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