Party time rolls on for mobile gaming: Chinese firm Chukong raises a staggering $50M in latest funding round

Mobile gaming is one of the hottest investment markets right now, and China’s Chukong Technologies isn’t missing out on the action.

The mobile-game publisher, which is responsible for iOS releases like Fishing Joy and making the popular Cocos2D-x development engine, revealed that it raised $50 million in Series D funding. The company raised $33 million in its first three funding rounds, which brings its total funding to date to $83 million. China-focused private-equity fund New Horizon Capital led the round, and previous Chukong investors GGV Capital, Sequoia Capital, Steamboat Ventures, and Northern Light all participated.