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LINE and Tencent invest $110 million Korean startup 4:33 Creative Lab

Date Type Companies involved Size
November 13th, 2014 investment 4:33 Creative Lab
LINE Corporation
Tencent
$110m
LINE and Tencent invest $110 million Korean startup 4:33 Creative Lab

Japanese messaging service LINE  and Chinese internet giant Tencent, are working together to bring more content to their respective platforms.

Both companies have pumped $110 million into Korean game developer 4:33 Creative Lab in order to secure original game content for their messaging services.

Both LINE and Tencent's messaing service Weixin/WeChat earn significant revenue from gaming, and they will be hoping 4:33 can deliver original titles with the ability to keep users engaged.

Only the beginning

LINE COO Takeshi Idezawa has revealed that the hefty investment only a small drop in the vast ocean that is the firm's global investment strategy.

“We’re just getting started on our global investment strategy. We’re going global hand-in=hand," said Idezawa, speaking to TechCrunch.

"Right now we are well funded by our owner, and are just focused on our growth.”

[source: TechCrunch]

 


What do you call someone who has an unhealthy obsession with video games and Sean Bean? That'd be a 'Chris Kerr'. Chris is one of those deluded souls who actually believes that one day Sean Bean will survive a movie. Poor guy.

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