The9, a Chinese online game operator and developer, this morning announced that it has entered into a memorandum of understanding with three investors – Chengwei Ventures, ChinaRock Capital Management and China Renaissance K2 Ventures – for the establishment of an investment fund with a total size of $100 million.
The fund, dubbed Fund9, will focus on investments in both Chinese and overseas mobile Internet application and platform developers. The company says proposals can be submitted directly online to the fund investment committee, composed of members appointed by the four fund investors mentioned above, for evaluation.
The only thing that was missing in the press release announcing the formation of the fund is the website address.
In a separate news release, The9 has announced that it has entered into an agreement with Aurora Feint for a five-year license to use its OpenFeint mobile social gaming network software, which works with both the iOS and Android platform, in China.
The9 operates and developes high-quality games for the Chinese online game market. The9 directly, or through affiliates, operates licensed MMORPGs (massively multiplayer online role playing games) consisting of MU, Blizzard Entertainmentâ€™s World of Warcraft, Soul of The Ultimate Nation, Granado Espada, and its first proprietary MMORPG, Joyful Journey West, in mainland China. The9 has also obtained exclusive licenses to operate additional MMORPGs and advanced casual games in mainland China, including Hellgate: London, Ragnarok Online 2, Emil Chronicle Online, Huxley,...
Aurora Feint, Inc. develops games and platforms for iPhone. It offers OpenFeint, a social gaming platform for the iPhone game developers; and asynchronous massive multiplayer online games for iPhone. The company was incorporated in 2008 and is based in Burlingame, California.