Chinese Gaming Company Ourplam to Buy a Stake in US Game Engine Developer Unity

Chinese gaming company Ourpalm (SZ:300315) announced last night (Beijing Time) to invest in Unity Software Inc., the San Francisco, US – based developer of game engines and development tools. The statement says the amount of funding will be big.

One of Unity’s shareholders is looking to sell his shares, according to a report by VentureBeat. The company is valued at over US$1 billion to US$2 billion. Last year Amazon offered US$650 million for Unity but the CEO decided not to sell, according to the report.

Unity entered China in 2012. China now is the largest market for Unity in terms of the number of registered developers and developer activeness. The number of Chinese registered developers surpassed that in the U.S. to become the No.1 in April 2014, as reported by 199IT. The company claims 75% of the top-grossing 3D mobile games in China are developed with Unity, citing research results from Source DNA.

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