After buying a minority stake in Aurora Feint, a US-based social gaming platform for Apple's iPhone, earlier this year, The9 has launched a $100m corporate venturing fund.
China-based game developer The9 has followed up from making its first non-Asian strategic stake earlier this year by launching a $100m corporate venturing fund alongside three venture capital (VC) firms.
Nasdaq-listed The9 has linked with VC firms ChinaRock Capital Management, which was seed funded by hedge fund Farallon and is now 11.1% owned by The9 according to its regulatory filing last month; Chengwei Ventures; and China Renaissance K2 Ventures, a venture fund started earlier this year by venture capitalist…
