Mobile Game Developer Chukong Raised $50 million in Series D Funding

Chinese mobile game developer Chukong Inc. announced a series D round of $50 million, led by New Horizon Capital, a China-focused private equity fund. The round is joined by Northern Light VC (the first investor of Chukong’s), Steamboat Ventures, Sequoia Capital and GGV.

Before this round the company had raised $32 million in funding. Half a year ago, in the past April, the company closed series A round of funding from investors including GGV.

Earlier this year Chen Haozhi, founder of Chukong, said the company would possibly launch IPO in the U.S. sometime in this year.

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