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China’s KongZhong invests $16M in Forgame Holdings

  • Posted byby Dean Takahashi
  • Updated
  • 1 min

The Chinese game market remains hot.

KongZhong, the Chinese publisher of games such as Auto Club Revolution and Meteor’s Hawken mech shooter, has invested $16 million in Forgame Holdings, the developer and publisher of cloud-based web and mobile games. The transaction shows that the Chinese game market remains vital, with high valuations for game makers.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.