Source: ChinaVenture
Dispatch on November 20, the “moyoyo.com mobile phone game trading platform” of Beijing Chuanmei Technology Co., Ltd (“Moyoyo.com”) recently announced completion of series A round financing, this round of financing amount was RMB 100 million yuan, with Meridian Capital as the leading investor. The financed capital will be used in website construction, construction of operation platform and business expansion, aiming to provide users with better service, and further improve service system, increase website service items, in the future it will be developed into a specialized mobile phone game service platform.
Founded in July 2010, “moyoyo.com”, a subsidiary of Beijing Chuanmei Technology Co., Ltd, is the earliest website devoted to mobile phone game trading in China. Its businesses include core services of account / virtual equipment / game currency trading, sales of first-time charging number, game training, iOS recharge, and Apple internal purchase. It provides safe, fast, and diversified game trading services to mobile phone game players of iOS, Android, WindowsPhone, and Symbian. Judging from its growth in past years, games supported by “moyoyo.com” has increased from several dozen in the beginning to nearly 1000 today, covering almost all popular games on the existing mobile phone game market, and it is still steadily growing. Furthermore, in the process of platform operation, it has accumulated large number of genuine users, by October 2014, its total game trading amount on the trading platform has grown by 78% compared with that at the beginning of the year, user trading rate grew by nearly 116% in the same period, the number of registered users is expanding rapidly at an average rate of over 200%.
"moyoyo.com” has established strategic cooperation relation with multiple large mobile phone game companies and third party payment institutions including Shanda Games, Perfect World, Tenpay.com, Alipay.com, and China UnionPay, it enjoys very high recognition degree and reputation in the mobile phone game trading field.
The huge investment in “moyoyo.com” splurged by Meridian Capital, an investment company headquartered in Singapore with long time devotion to making investment in new media, IT and cultural consumption fields, undoubtedly added another bundle of firewood to today’s already increasingly hot mobile phone game market, meanwhile it also painted a magnificent stroke on the promising vista of the mobile phone game trading market.
