Shinezone Completes RMB 400 Million Series B Financing and Initiates A-Share Listing Plan in China
Shinezone, a China-based pioneer in the export of online games, recently announced that the company has completed a Series B financing round, securing RMB 400 million from a group of investors including China Fortune Securities, Bank of Ningbo, Shanshan Venture Capital, Jiuyou Fund, Nord Engine Capital and HTVC. At the same time, the company has also announced the initiation of a plan to gain an A-share listing in China.
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Shinezone plans to use the funds from the Series B round to expand its global distribution network, create a complete industry chain by acquiring upstream and downstream gaming companies and platforms in overseas markets and increase its investment in incubator technology and talent. The company’s strategic objective is to build the most influential game export platform in China.
Headquartered in Pudong, Shanghai, Shinezone was established by the Li Hualiang family and Sina in 2011. The company specializes in the in-house development and publication of web and mobile games for global markets. The company has released more than 23 products in 18 countries and regions, with hundreds of millions of users in addition to having established strategic partnerships with international social and gaming platforms including Facebook, the App Store, Google Play, ArmorGames and Sina. At the same time, Shinezone has confirmed that the company will participate in GDC 2017 which will be held in San Francisco soon.