Steamboat fishes for success with CocoaChina

Aug 29, 2011 • Robert Lavine

China-based mobile games developer CocoaChina has raised $14m in series B funding from a group of investors including Disney’s corporate venturing unit, Steamboat Ventures.

Also participating in the round were the China-based division of venture capital (VC) firm Sequoia Capital and Hong Kong-based VC firm Northern Light Ventures, the investor in CocoaChina’s $1.2m series A round.

CocoaChina, known locally as Chukong, also hosts one of China’s largest online community of game developers for Apple’s iOS mobile operating system. According to…

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