Shinezone brightens up with $58m

Feb 21, 2017 • Robert Lavine

The Sina and IDG Capital-backed mobile game publisher plans to use the series B funding to beef up its local incubator activities and global distribution network.

Shinezone Network, a China-based mobile game publisher backed by internet group Sina, has closed a RMB400m ($58m) series B round, Marbridge Consulting has reported.

Financial services firm Bank of Ningbo provided the funding along with China Fortune Securities, Shanshan Venture Capital, Jiuyou Fund, Nord Engine Asset Management Group and Hi-Tech Venture Capital Group.

Founded in 2011 with help from Sina, Shinezone develops and distributes mobile and browser-based games. It has so far published 23 games which are available in 18…

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