serkan AT kantan-games.co.jp

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CyberAgent Invests In China-Based Hoolai Games [Social Games]

As its Ameba-based social gaming platform is around the corner, CyberAgent sure needs some creative firepower to be able to develop as many games internally as possible.

The company announced that it invested in Hoolai, a Beijing-based game developer that’s backed by Sequoia China, Greylock Capital and German media juggernaut Bertelsmann AG, among others. CyberAgent used the CyberAgent Ventures China office to do the deal.

In the fall of last year, Hoolai released a strategy game on GREE’s Japanese platform.

Terms of the CyberAgent-Hoolai deal weren’t disclosed.

Serkan Toto About Serkan Toto
I am the CEO & Founder of Kantan Games, Inc., a Tokyo-based game industry consultancy focused on the Japanese market. Please subscribe to updates on this site via RSS or Email.