E-Sports Game Maker Hero Entertainment Bags USD257.5 Million through Pre-IPO

E-Sports Game Maker Hero Entertainment Bags USD257.5 Million through Pre-IPO

Zhang Xia

Date: Sat, 09/30/2017 - 18:22 / Keywords: Hero Entertainment, internet company, Mobile Electronic Sports, FINANCING
E-Sports Game Maker Hero Entertainment Bags USD257.5 Million through Pre-IPO
E-Sports Game Maker Hero Entertainment Bags USD257.5 Million through Pre-IPO

(Yicai Global) Sept. 29 -- Hero Entertainment Co. [NEEQ:430127], which specializes in e-sports mobile game research and development, has obtained CNY1.7 billion (USD257.5 million) in financing through Pre-IPO, led by state-owned Capital VC Fund, reported 21st Century Business Herald yesterday.

Hero Entertainment is the largest internet company in China’s central Shaanxi Province.

The firm’s portfolio of mobile games includes sports and racing mobile games. It reported revenue growth of 48.87 percent in the first six months of this year, reaching CNY562 million (USD85.15 million), while net profit rose 30.3 percent to CNY293 million (USD44.39 million).

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Keywords: Hero Entertainment, internet company, Mobile Electronic Sports, FINANCING