Netease, a China-based gaming company, which has grown to a market capitalisation of $7.3bn after being founded 15 years ago, is reportedly eyeing an early growth stage fund.
NetEase, a Nasdaq-listed and China-based provider of online games, is reported to be raising a RMB2bn ($316.3m) venture fund.
The China fund would invest in early growth stage companies, news provider Asia Private Equity Review, which reported the fundraising, said.
NetEase has a market capitalisation of $7.3bn, as of yesterday’s trading price, and was founded in 1997 by present chief executive William Ding.
Netease’s initial public offering on Nasdaq in 2000 raised $70m.
