Fukong Interactive Entertainment

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Fukong Interactive Entertainment
Type Private
Founded 2016
Headquarters 22nd floor of Block C, Bund SOHO, No. 88, Zhongshan East Road. Shanghai, China.
Industry Venture capital
Stock Label 600634 SHH[1]
No. of employees 10+
Website http://www.ifukong.cn
Geolocation Google Maps

Shanghai Fukong Interactive Entertainment (chinese: 富控互动), previously known as Zhongji Holding[2], is a venture capital firm that started in June 2016 and bought all investments from Insight Venture partners, The Raine Group and Spectrum Venture partners for a 100% stake in Jagex for $300,000,000 USD.[3][4]

It was formed by employees of Shandong Hongda who originally put forward the intent to buyout all stakes in Jagex for $300,000,000 USD in April 2016.

Fukong Interactive Entertainment is a subsidiary of Shanghai Zhongji Enterprise Group which is traded publicly on the Chinese Stock Market under 600634.

In April 2020 it was announced that Fukong Interactive Entertainment had sold all of their stake in Jagex to Macarthur Fortune Holding.[5]

References

[edit | edit source]
  1. ^ Jagex. JAGEX PLACED AT THE HEART OF A NEW PUBLICLY-LISTED GAMES COMPANY AS ZHONGJI HOLDING IS LAUNCHED IN CHINA.. Retrieved 9 October 2016.
  2. ^ Shanghai Fukong Interactive Entertainment Co Ltd (600634.SS) Key Developments | Reuters.com. Reuters. 6 March 2017. Archived from the original on 5 April 2017.
  3. ^ Eurogamer. Chinese mining company buys Runescape dev for $300m - report. Retrieved 9 October 2016.
  4. ^ Venture Beat. RuneScape creator Jagex is now part of a new Chinese games company. Retrieved 9 October 2016.
  5. ^ Jagex. MACARTHUR FORTUNE HOLDING LLC ACQUIRES JAGEX. Archived from the original on 5 June 2021.
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