Andy Zhong, CEO of Next Entertainment and FunPlus.
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Next Entertainment raises $25 million for hyperlocal live broadcasting platform

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

Next Entertainment has raised $25 million to take a business that works well in China and moving it to the rest of the world: hyperlocal live broadcasting.

The company raised the money from FunPlus, a Chinese mobile game maker that was acquired last year for $1 billion, and Inke, a Chinese company that has established a successful livestreaming platform based on localized talent. Other investors include GSR Ventures, Mayfield, and Signia Venture Partners.

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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.