Qualcomm has invested in Chinese publisher and mobile game development platform Chukong Technologies.
Chukong is one of five Chinese tech companies that have between them received $40 million from Qualcomm Ventures' $150 million strategic China fund, announced earlier in 2014.
Chukong following a $50 million Series D round in October 2013, Chukong's total funding was $83 million, although it recently took the decision to postpone its planned US IPO.
In the place to be
The other companies Qualcomm invested in were:
- 7Invensun, an eye-tracking solution provider;
- inPlug, a smart home device/platform solution provider;
- Unisound, a voice recognition and processing technology provider; and
- China Walden Ventures Investment fund.
"Qualcomm is passionate about innovation and committed to helping advance the Chinese wireless industry," said Nagraj Kashyap, senior vice president of Qualcomm Ventures.
"With a focus on semiconductors, mobile application enablers, smart home and healthcare, this group of startup companies closely complements existing products and services from Qualcomm Incorporated's subsidiaries."