Editorial Summary

Shanghai-based online game company Nineyou International Limited (9you) announced on Thursday that it has completed a US$100 million investment from Singapore's Temasek Holdings. This is Temasek Holdings' first deal with a Chinese Internet company, said the announcement.

Nineyou planned to raise $174 million through an initial public offering in Osaka last year. The company derailed plans to go public in July, 2007 after encountering licensing conflicts with Korean game companies T3 Entertainment and Yedang Online over its core casual game Audition. February reports regarding the company's revamped listing plan quoted a company executive as saying Nineyou still intends to list in Osaka, denying rumors the company would issue a Tokyo offering around March 20.