Write Submit original article and get paid. Find out More

Google backs Chinese game live-streaming startup Chushou

Chinese mobile game livestreaming platform Chushou announced today that it has closed a Series D funding round.

Google, Chushou’s previous investors Qiming Venture, Shunwei Capital and Alpha X Capital participated in the round. Chushou did not disclose the size of the Series D.

The new funding brings Chushou total funding so far to over $120 million, the startup said.

Launched in August 2015, Chushou says it now has more than eight million unique streamers, with on average 250,000 streamers livestreaming each day. About 90 million gamers have registered to watch streams of more than 1,000 games, which Chushou says means it runs the most active mobile gaming online community in China.

Live stream gaming platforms are a popular form of e-sports in China, part of a growing industry that involves competitive game play viewed by spectators. Google’s YouTube launched a specialized service for live stream gamers in 2015, capturing a large chunk of the global market.

Frank Lin, Google’s principal of corporate development in north Asia, said “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.”

Google’s investments in Asia now span game livestreaming (Chushou), artificial intelligence (Mobvoi, also in China), task outsourcing (India’s Dunzo) and hardware (HTC in Taiwan), while CapitalG (formerly Google Capital), the late-stage growth fund owned by Google parent company Alphabet, has backed high-speed optical transceiver manufacturer Innolight in China and several Indian startups, including Practo, Commonfloor and Cuemath.

Related Post

Leave a Reply