Xiaomi Ventures, the VC arm of Xiaomi, has bought USD20 million worth of shares in gaming company Westhouse Group. Xiaomi will own 4.71% of Westhouse when the deal is completed.

Westhouse Group, including WestGame and WestGame Founders, was founded as a wholly-owned subsidiary of Kingsoft as early as in 1995. Kingsoft also invested USD5 million in Westhouse this time.

Kingsoft was one of the first Chinese tech companies to develop games in house. And gaming would be a big help to Kingsoft in terms of income.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com