Google's Second China Investment Goes to a Live-Streaming Game Site
Xu Wei
/SOURCE : Yicai
Google's Second China Investment Goes to a Live-Streaming Game Site

(Yicai Global) Jan. 8 -- Chushou.tv, a video game live-streaming platform owned by Hangzhou Kascend Technology Co. has wrapped up its series-D financing, led by Google of Alphabet Inc. [NASDAQ:GOOGL], and Qiming Venture Partners (Shanghai) Co. and Beijing Shunwei Capital Investment Consulting Co., which acted as 'secondary investors,' it announced Jan. 5.

After the deal -- which marks the search engine gargantua's second investment in a Chinese company -- the site has raised USD120 million in funding.

Google did not disclose the amount of its investment in Chushou.tv.

"Chushou has built an impressive platform, with a dedicated and quickly-growing base of content creators and consumers and smart expansion plans. We're excited to be supporting Chushou through this investment to help them execute those plans, bringing great mobile gaming content to more people around the world," said Frank Lin, Google's head of corporate development in North Asia.

Chushou.tv formed in 2015 as an online platform. It allows mobile game players to live-stream their games. It has some 9 million daily viewers, 8 million bloggers and about 250,000 live streams posted daily, the firm said.

Follow Yicai Global on
Keywords: GOOGLE , Chushou , Webcast