Sunday, March 23, 2008

Chinese Gaming Site 9You Receives $100 Million Investment |

"Chinese online games operator 9You has received $100 million in equity investment from Temasek Holdings and other investment institutions. The investment came after 9You’s launch of GTown, a virtual world integrating 9You’s existing online games. 9You says the investment will help the company to continue transforming its business into an entertainment virtual community. Founded in 2003, 9You is currently operating one of China’s most popular online casual games Audition. By February 2008, the company’s games combined have more than 1 million peak concurrent users. The company is planning an IPO later this year."

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