China’s Shanda Games invests $9.4 million in Kakao Games

Date Type Companies involved Size
April 3rd, 2018 investment Kakao Corp
Shanda Games
China’s Shanda Games invests $9.4 million in Kakao Games

Chinese online developer Shanda Games has invested $9.42 million in South Korean publisher Kakao Games.

Shanda made the investment through its South Korea-based subsidiary Actoz Soft. It was joined by affiliate company Diandian Interactive Holding which invested the same amount.


The Investor previously revealed that Kakao Games had received 140 billion won ($131.6 million) in funding from multiple investors ahead of a planned IPO.

Netmarble and two subsidiaries of Tencent led the round with a contribution of 50 billion won ($46.9 million) each while the rest was provided by Actoz Soft and developer Bluepoint, along with Premier Growth-M&A PEF.

Kakao Games is currently working with Actoz Soft to launch free-to-play MMORPG title Dragon Nest in Q1 2018.


Staff Writer


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