Nine City United three VC set up 100 million dollar fund investment mobile internet

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Fast road network December 21 News Nineth City (hereinafter referred to as "nine City") with well-known investment company Rock Capital, become a fund and the perilous peak Hua Xing Venture Investment announced today, the quartet joined hands to form an investment fund "achievement Fund" (FUND9), jointly invested 100 million U.S. dollars for investment in mobile Internet domain.

Nine city with Huayan, become, the perilous peak huaxing start mobile Internet investment Fund (speed network exclusive shooting)

Nine city, said the "Achievement Fund" (FUND9) investment project focus, mainly for mobile internet applications at home and abroad and application platform for the two major areas of development teams or companies to set up. As long as the relevant projects in the mobile Internet field, both domestic and foreign teams or companies can be submitted to the Fund Review Committee for Evaluation, the Project fund through the assessment will be flexible capital cooperation, including acquisition, holding and strategic investment and other cooperation.

The city today launched OpenFeint domestic operations and is expected to be officially released next March. The Chinese version of OpenFeint will first be launched on the Android platform and will later cover smartphone platforms such as iOS.

It is understood that the "Achievement Fund" (FUND9) fund Management committee from the nine city, Rock Capital, become a fund and the peak of Huaxing venture to invest four together. In addition to funding support, the Fund Management Committee will also be selected for the project to provide office administration, marketing, product operations and other diversified resource support.

Zhu, Chairman and CEO of the Kowloon City Board, said: "Mobile internet is 8084.html worldwide" > booming, both application and platform development, have huge demand. Especially in the Chinese market, the number of fast-growing smartphone users contains huge business opportunities. JIU City noted that the domestic development team in the talent and creativity have a good qualification, if they are in the capital and marketing and operation of resources to obtain strong support, the chances of success will be greatly improved. In addition, the special funds will also focus on overseas mobile Internet applications and platform development team. (Wang Pei)