Four companies, including HoYoverse and 37 Games, recently signed partnership agreements to prepare to invest in unlisted startups in several technology fields. The four companies intend to make a combined contribution of approximately 555 million CNY (82.4 million USD).
According to the investment announcement, the partnership will make equity or quasi-equity investments in unlisted startups in the fields of advanced manufacturing, intelligent connected vehicles, virtual reality, and semiconductors. HoYoverse has invested 14.8 million USD, while 37Games invested half that amount.
Source: IThome