Biz Daily: Why iDreamSky invested $10M into Rumble

hello and welcome to his daily I'm John Jordan so the new talk about today concerns a company called I dream sky which is the big Chinese publishers and it's done a 10 million dollar investment in a US company called a ruhmal entertainment so what is interesting so I dreams clay has been around for a number of years and it kind of started a life as a Chinese pub shirt mobile games and it has a couple of really big hits wait imported localized compromised some Western games into China so fruit ninja was the big game we did first of all and then it was the tear temple run and it done hundreds of other games since then blows the two that really cannot put on the map can I reply from that kind of a starter's blew up very good

relationships with the kind of the Android app stores that run that eighty percent of China's mobile games market and as it's got bigger it's actually kind of done some interesting financial stuff so float on the Nasdaq Stock Exchange quite a few Chinese companies done that and equally interesting now it's looking like it's coming off the nest day so there's management play out in your personal but as its kind of against a lots of company lot of companies as they kind of get scaling the local territory or enjoined do is go global this is what I dreams guides been up to this is why is Leslie 10 million dollars in trumbull so rumble itself is a start up to 23 years old and it's actually had a kinda interesting life so it had a very big seed round to the seagrams the first investment around them a company that had a 15 million dollar seed round and then after that her it did at a round of 17 and a half million dollars so it's had a very large

kind of investment base over 30 million dollars to begin with interning least one game is called Road got a couple of the games in soft launch and what's interesting is the deal with I dream sky is relatively to the a relative to the other rounds we've done smalltits a 10 million dollars of these smaller than 15 and 17 half and the rumble guys have been quite a lot fun about the fact that they've made her mistakes and so the result money they've got them cotton ball and the big thing about kind of rubbish games now obviously you need some marketing money or a chemical trashley and they basically said we have got the money to the road two games that we've got on that's why this investment as happening that's interesting i guess that we're seeing a acquisitive mode from a from a chinese not with the previous he's just been doing kind of a kind of publishing deals which very different you can only do you know investing they're just doing a fact with dill based on the on the game itself and now they can i they're stepping up and remove a global company

I don't it's interesting to see Fox they must like the two games at Rumble has in soft once at the moment but as we see in moments in maturing market certain the west and kind of cool games funny difficult find an audience so on a bit of about I suppose for my dream players point of view 10 million dollars in this scheme of things is not a large sum of money with Flynn see her on walls games come out and see if my dreams husband is very clever deal or not of course it's part of the early also gets the exclusive rights to launch rumbles games in China to run off to China is a less mature market moment I think I dreams by hoping that kind of the quality the graphical quality in the game quality of the rumble the pretty experienced guys who set up the company so it's that we they know how to make a good looking game nothing is hoping in China it's its new investment into Rumble kind of payoff them into their Haven not rumple's games though cause

big hits and the rest of world anyway so that's the news today I come back tomorrow and see what news is in so you you