Ourpalm, China’s leading listed social web and mobile game developer, has invested $3.1 million AUD (roughly $2.3 million USD) funding in mobile game developer Animoca Brands for a 11.11 percent stake in the Australia-listed company at a premium price of $0.21 per share.

As part of the investment, Steven Hu, co-CEO of Ourpalm, will be appointed as non-executive director of Animoca Brands upon completion of the investment.

The transaction comes after Ourpalm inked partnership with Animoca Brands to publish the later’s hit game Doraemon Gadget Rush in China since March this year.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.