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GigaMedia Makes $15 Investment in Chinese Online Games Firm T2CN

Authored by dmw on May 1, 2006 - 7:05pm.
Shanghai - Online entertainment distributor GigaMedia announced on Monday that it has made a $15 million investment in Chinese online sports game publisher T2CN and received a minority stake in the company. T2CN claims 21 million registered users in China, who log on to play games such as "FunTown MahJong." The two companies will share revenue from T2CN's online casual games; advertisers on its portal include Coca-Cola and the NBA.
tags: Games | Deals | VC | China | Investing | Asia | Online Games | GigaMedia | T2CN |