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Shanghai Mobile Game Co Scores RMB 20m Investment
Shenzhen Green Pine Capital Partners (GPCP) has agreed to invest an initial amount of RMB 20 million in mobile game company Shanghai Soco Soft, 163.com reported November 5 quoting GPCP Investment Director Zhang Chunhui. Established in 2005, Soco Soft has developed nearly 70 mobile games, the report said. The company has partnered with 100 telecom operators in nearly 40 countries, including China Mobile (NYSE:CHL, 0941.HK), Vodafone (Nasdaq:VOD), AT&T (NYSE:T) and NTT Docomo (9437.TYO) for game distribution and has also partnered with terminal producers to install mobile games in 10 million handsets annually, said the report.
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