Video broadcasting app Inke has received $10m from the gaming company, which picked up an 18% stake in return for its investment.
Gaming company Beijing Kunlun Tech has paid RMB68m ($10.3m) for an 18% stake in China-based mobile video app developer Inke, China Money Network reported on Thursday, citing a regulatory filing.
Inke has built an app that enables users to watch live video broadcasts on their smartphones. The app, which has more than three million registered users, generally plays host to live performances by other users.
The company previously pulled in an undisclosed amount of funding from venture capital firms SAIF…
