On the afternoon of May 13, Linekong (Beijing) Technology Co., Ltd. (Linekong) received US$25 million in the Series B financing round from Northern Light Venture Capital (NLVC) and New Enterprise Associates (NEA). So far, this investment is the largest one in the domestic online games sector.
Established in March 2007, Linekong specializes in offering online games and online entertainment community services. Last May, Linekong received US$10 million of venture capital from IDGVC.
Feng Deng, Founding Managing Director of NLVC, will act as a director of Linekong. According to staff at Linekong, CEO Feng Wang told them that all of the financing has been received. The proceeds will be used for in-depth platform-level technology R&D, the recruitment of top game design talents, large-scale marketing activities, and operation services.