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Rumor: China's "Second Lives" Receive Investments
Gaming, HiPiHi, HiPiHi World, Internet, Linden Lab, Online Game, Second Life, UOneNet Technology, uWorld
Posted by: Kimi Shi on May 28, 2007 | 19:05
Editorial Summary
Beijing based online game company HiPiHi will soon receive US$ 7 to 10 million in investment from three overseas venture capital (VC) firms for a 10 percent stake in the company, reports China Business News quoting unnamed insider. HiPiHi began alpha testing for its in-house developed 3D online virtual community game HiPiHi World in April. Another Chinese virtual community game developer, UOneNet Technology, finished its second round of funding as well, according to the report. Both HiPiHi World and UOneNet Technology's game "uWorld" are similar to Linden Lab's Second Life.
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