The cloud gaming technology developer is set to boost its technology with $62.8m from investors including Xiaomi and MiHoYo.

Electronics manufacturer Xiaomi and video game developer MiHoYo have participated in a RMB400m ($62.8m) series B round for China-based gaming software developer Well-Link, DealStreetAsia reported yesterday.

Venture capital fund Future Capital led the round with participation from VC firm Shunwei Capital and CDH Venture and Growth Capital, a subsidiary of alternative asset manager CDH Investments.

Founded in 2019, Well-Link provides cloud computing architecture and audio and video technology to support cloud gaming platforms. Proceeds from the round will go toward…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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