China-based online game developer Perfect World yesterday established a venture capital fund, investing RMB643.5m ($100.7m). The fund will concentrate on the technology, media and telecommunications (TMT) sector.
The fund will be formed by a subsidiary company owned by Perfect World, in conjunction with several as yet unnamed partner companies from outside. Perfect World’s investment will be made over a nine year period, as a limited partner.
Founded in 2004, Perfect World develops on-line virtual reality games, or massively multiplayer online…
