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GungHo and Tencent Back Mobile Gaming Community Kamcord

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By admin on December 11, 2014

Fast-growing startup Kamcord Inc.–mobile gaming’s answer to Twitch–has secured a strategic round led by Japanese gaming giant GungHo Online Entertainment Inc.3765.TO -3.58% at a valuation around $100 million.

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Mr. Rathnam said his startup partnered with Tokyo-based GungHo largely for its strategic value. The game developer and distribution company generated $1.4 billion last year, or some 90% of its total revenue, from its “Puzzles & Dragons” mobile game. Roughly 10% of Japan’s population has downloaded the game.

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READ MORE: http://blogs.wsj.com/venturecapital/2014/12/11/gungho-and-tencent-back-mobile-gaming-community-kamcord/

 

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