TechCrunch: Chinese Gaming Publisher Yodo1 Raises $5M In Round Led By Singapore’s SingTel Innov8
Yodo1, a Beijing-based company that works intensively with Western game developers to bring their titles to the Chinese market, raised $5 million from SingTel Innov8, the corporate venture arm of a mobile carrier. An earlier investor, Changyou Fund, Ltd, also participated in the round. Yodo1 has a co-production model where they actually get access to the code base of a Western developers’ game. They modify the graphics, virtual goods and music for local Chinese tastes. Read the rest on TechCrunch.