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Forgame announces a strategic investment in HK-based Animoca

Zafar Anjum | May 20, 2013
Chinese webgame company Forgame Holdings Limited has announced the completion of a strategic minority investment in Appionics Holdings Limited

Chinese webgame company Forgame Holdings Limited has announced the completion of a strategic minority investment in Appionics Holdings Limited.

The latter is the holding company of Animoca, a cross-platform app developer and publisher for smartphones and tablets for a global audience.

The companies, however, have not disclosed the terms of the investment.

Founded in Hong Kong in 2011, Animoca has published over 300 innovative casual and mid-core games across multiple mobile platforms including Apple iOS and Android, reaching 130 million unique users around the world.

"Mobile games and overseas markets are two important strategic directions of Forgame's future development," said Kevin Wang, chief executive officer of Forgame. "Animoca is our ideal partner as it has rich experience in publishing mobile apps in overseas markets such as the US, the European countries, Korea, Japan and most of Asia."

"We are excited about the opportunity to work closely with Forgame both in China and overseas markets as we expand Animoca's portfolio into new gaming categories," said David Kim, chief executive officer of Animoca.

 

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