Pending his IPO, Chinese Linekong raises $ 80 million

by bold-lichterman

While a year ago the game publisher LineKong was fighting to switch from PC to mobile, LineKong has just announced a third round of funding in the amount of $ 80 million with Orchid Asia, SAIF Partners, Starwish Global Limited, and Profitable Century International Limited. This funding comes ahead of an IPO scheduled for this year in Hong Kong

LineKong has had great success with The Legend of King a game downloaded over 20 million times (August 2013) and generates over $ 7 million in revenue each month.

Linekong wants to invest in a dozen games, half of which will come from its studio