The online shooting game developer has secured a nine-digit yuan amount from Tencent as it prepares to launch a sequel to its most popular title.

Internet group Tencent provided ‘several hundreds of millions’ of yuan (RMB100m = $15.3m) for China-based PC and mobile game developer Wizard Games Global yesterday.

Founded in 2010, Wizard develops mobile and browser-based online games, and has built a stable of more than 10 titles including Battle Teams, a multiplayer online shooting game it claims has more than 500 million registered users and 30 million monthly active users.

The company is preparing to release a sequel called Battle Teams 2 in…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.