CDC Games has announced that it has signed a definitive agreement to invest in Auran, a developer of online games in Australia.
This is CDC Games’ latest investment as part of its previously announced establishment of CDC Games Studio, a wholly owned subsidiary of CDC Games that will have up to $100 million in investment funding. CDC Games Studio invests in strategic games development partners to accelerate the development of new and original online games for the China market along with supporting emerging games developers with the resources they need to rapidly develop innovative products for distribution in China and targeted global regions.
CDC Games will invest about $3 million in Auran, and in exchange for providing Auran with strategic advice, CDC Games also will obtain certain rights to receive a percentage of revenues received from Fury. With this investment, John Lee, president of CDC Games, will serve on Auran’s board of directors.
“Our investment in Auran will provide us with innovative and highly popular online games, such as Fury, for our China market that will fuel our continued strong growth,” said John Lee, president of CDC Games. “We are confident that this will be a highly successful partnership based on Auran’s extensive expertise and proven track record in developing widely popular and innovative online games for the global marketplace.”
“We are excited to have one of the most successful online games companies in China investing in Auran,” said Graham Edelsten, co-founder of Auran. “With CDC Games’ investment and their breadth of operations and expertise in China, the world’s largest online games market, we expect to see significant success for Fury and our other games in the global marketplace.”
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