(Yicai Global) Sept. 29 -- Hero Entertainment Co. [NEEQ:430127], which specializes in e-sports mobile game research and development, has obtained CNY1.7 billion (USD257.5 million) in financing through a Pre-IPO, led by state-owned Capital VC Fund, reported 21st Century Business Herald yesterday.

Hero Entertainment is the largest internet company in China's central Shaanxi Province.

The firm's portfolio of mobile games includes sports and racing mobile games. It reported revenue growth of 48.87 percent in the first six months of this year, reaching CNY562 million (USD85.15 million), while net profit rose 30.3 percent to CNY293 million (USD44.39 million).