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Qualcomm invests in Chukong as part of its strategic Chinese fund

Date Type Companies involved Size
December 12th, 2014 investment Chukong Technologies
Qualcomm
Not disclosed
Qualcomm invests in Chukong as part of its strategic Chinese fund

Qualcomm has invested in Chinese publisher and mobile game development platform Chukong Technologies.

Chukong is one of five Chinese tech companies that have between them received $40 million from Qualcomm Ventures' $150 million strategic China fund, announced earlier in 2014.

Chukong following a $50 million Series D round in October 2013, Chukong's total funding was $83 million, although it recently took the decision to postpone its planned US IPO.

In the place to be

The other companies Qualcomm invested in were:

  • 7Invensun, an eye-tracking solution provider;
  • inPlug, a smart home device/platform solution provider;
  • Unisound, a voice recognition and processing technology provider; and  
  • China Walden Ventures Investment fund.

"Qualcomm is passionate about innovation and committed to helping advance the Chinese wireless industry," said Nagraj Kashyap, senior vice president of Qualcomm Ventures.

"With a focus on semiconductors, mobile application enablers, smart home and healthcare, this group of startup companies closely complements existing products and services from Qualcomm Incorporated's subsidiaries."


Contributing Editor

A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.

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