The firm’s listing on the Shanghai Stock Exchange (SSE) raised $138m and delivered a successful exit to a number of the firm’s backers. These included IDG Capital Partners, Fortune Capital and Ping An Ventures, the corporate venturing arm of Ping An Insurance.
G-bits, which is based in Xiamen in southeast China, was set up in 2004 and is best known for massively multiplayer online (MMO) games, such as Underground Castle, Unbelievable Maze, Immortal War and Carefree…
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