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China’s FunPlus raises a huge round of $74M to build a global gaming company

  • Posted byby Dean Takahashi
  • Updated
  • 3 min

FunPlus, a relatively unknown Chinese publisher of mobile games, has raised $74 million in a new round of funding. That’s a huge funding round for a game company, and the deal is part of an effort to create a global mobile gaming company that excels in free-to-play titles.

The money comes from Orchid Asia Group, GSR Ventures, and Steamboat Ventures. The aim is to build globally appealing games that combine the operation excellence of a Chinese firm with the craftsmanship of Western game designers. The company made the announcement at the Game Developers Conference in San Francisco.

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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.