Chinese entertainment company planning to acquire 20% chunk of Firefall studio for $24 million

Another Chinese company is looking to invest in western game development.

Chinese online game operator The9 revealed early this morning that fellow China-based entertainment company Shanghai Oriental Pearl group is planning to invest in Red 5 Studios (as first spotted by Polygon). The deal would enable Oriental Pearl to acquire a 20 percent stake in Red 5 Studios for $24 million. Red 5 is the developer of the massively multiplayer online shooter Firefall for PC.