Chukong Technologies has raised $50 million in Series D funding led by New Horizon Capital, bringing its total funding to $83 million to date. The round also included participation from existing investors GGV Capital, Sequoia Capital, Steamboat Ventures and Northern Light. In addition to expanding on its success in mobile game development, publishing and game engine development, Chukong Technologies plans to also use the funding for R&D and marketing expenses for developing a mobile entertainment platform.
Chukong Technologies develops and publishes first-party mobile games under the Coco brand (formerly branded as PunchBox) and also works with developers like Gameloft, Nexon, Disney, Gamevil and Konami as an international localization and publishing partner under its CocoaChina brand. Additionally, the company supports and maintains Cocos2D-x, a cross-platform open source game engine.