cvn
Legend Capitalizes China Games Outsourcing Provider
Filed in archive by james on July 7, 2006
Legend Capitalizes China Games Outsourcing Provider
Paid Content.org cites that Virtuos, one of the world's largest outsourced services provider in the games industry, announced today that it has closed a Series A stock financing round with Legend Capital, the independent VC firm under Legend Holdings, owner of lenovo group. The VC arm was established in 2001 with an initial fund of over $100 million targeting Chinese tech companies. It now manages nearly $300 million across three funds and counts among its initial successes Joyo.com acquired by Amazon in 2004.

According to independent market research firm. Screen Digest, "a quiet revolution is transforming the games industry as developers turn to outsourcing. The global market for games outsourcing will reach $1.1bn by the end of 2006 and is set to grow to $2.5bn by 2010 -- representing 40% of total games development spend".

It appears that games are starting far in advance of the scheduled Olympics.

Permalink: Legend Capitalizes China Games Outsourcing Provider
Tags: Legend  Capital  invests  in  China  tech  companies 
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/28638
img Addthis img Ask img Blinklist img del.icio.us img Digg img Fark img Facebook img Google img Lycos img Ma.gnolia Add this page to Mister Wong Mr Wong img Netscape img Netvousz img Newsvine img Reddit img StumbleUpon img Slashdot img Tailrank img Technorati img Wink img Yahoo

Vote for Legend Capitalizes China Games Outsourcing Provider:

  • Currently 7.00/10
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Rating: 7.00 out of 2 vote(s) cast.
 
Subscribe
Share It
RSSrss
See all blog subscribe options
Google google
What is RSS?
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
Newsletter

TwitterFollow us on Twitter!