IDGVC Partners and Infiniti Capital are splitting a USD20 million investment in a Chinese mobile gaming developer.
Based in Beijing, One Net Entertainment is targeting both the mobile and online PC gaming markets through its websites 798uu.com and 798game.com, respectively. Three massive multiplayer online role-playing games are planned to launch in 2009 for online PC users [...]

Chongqing Chongyou Information Technology has signed a contract with Chongqing Venture Capital Company and Chongqing Yufu Assets Management Company to jointly invest CNY320 million to set up a joint venture named Chongqing CYIT Communication Technology Company.

South Korean telecom operator SK Telecom announced on Tuesday that it would invest US$1 billion to jointly build a digital content and design center in China with several of its partner and subsidiary companies.