<article><p>Hangzhou-headquartered internet game developer Wizard Games has garnered funding from Chinese tech giant Tencent.</p></article>

<p>Hangzhou-headquartered internet game developer Wizard Games has garnered funding from Chinese tech giant Tencent.</p>
<p>Even as the exact quantum of investment could not be ascertained, the company announced that it secured ‘tens of millions of US dollars’ that will help it expand its operations in the international market, ramp up headcount and strengthen its online game product.</p>
<p>Wizard Games, a sub-brand of Zhejiang Wooduan Technology, specialises in leisure and and internet games that can be accessed through PC, console and other mobile platforms.</p>
<p>Its flagship game ‘Battle Teams’ claims to have attracted over 500 million users globally, while its sequel is slated to release in 2021. Going forward, the company also plans to publish Sea of Craft &#8211; a maritime sandbox construction game.</p>
<p>Research and Markets reported that Chinese digital gaming market will reach $83.79 billion by 2023.</p>
<p><strong>CHINA DEAL MONITOR</strong></p>
<p><em>DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on December 7 &#8211; 8, 2020. </em></p>
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<caption style="caption-side:bottom;text-align:left;border:none;background:none;margin:0;padding:0;"><a href="https://www.dealstreetasia.com/wp-admin/admin.php?page=tablepress&#038;action=edit&#038;table_id=744" rel="nofollow">Edit</a></caption>
<thead>
<tr class="row-1">
	<th class="column-1">Startup</th><th class="column-2">Headquarter</th><th class="column-3">Investment Size (USD)</th><th class="column-4">Investment Stage</th><th class="column-5">Lead Investor(s)</th><th class="column-6">Other Investor(s)</th><th class="column-7">Verticals</th>
</tr>
</thead>
<tbody class="row-hover">
<tr class="row-2">
	<td class="column-1">Beijing Snowball Finance Information Technology</td><td class="column-2">Beijing</td><td class="column-3">120 million</td><td class="column-4">E</td><td class="column-5">-</td><td class="column-6">Orchid Asia</td><td class="column-7">Fintech</td>
</tr>
<tr class="row-3">
	<td class="column-1">MicroTech Medical</td><td class="column-2">Hangzhou</td><td class="column-3">88 million</td><td class="column-4">-</td><td class="column-5">Beijing Taikang Investment Management's sub-fund Taikang Qianzhen Fund, Tencent Investment, IDG Capital</td><td class="column-6">China Everbright Limited, CICC Pucheng, 3H Health, Qiming Venture Partners, Lilly Asia Ventures, CD Capital, Shanghai Guofang FOF Fund</td><td class="column-7">N/A</td>
</tr>
<tr class="row-4">
	<td class="column-1">GaiaWorks</td><td class="column-2">Suzhou</td><td class="column-3">76 million</td><td class="column-4">D1</td><td class="column-5">GGV Capital</td><td class="column-6">Tencent Investment, EDBI, Index Capital, MatrxPartners China</td><td class="column-7">Cloud Computing</td>
</tr>
<tr class="row-5">
	<td class="column-1">Sunrs</td><td class="column-2">Jiangyin</td><td class="column-3">28 million</td><td class="column-4">-</td><td class="column-5">Richland Capital</td><td class="column-6">BASF Venture Capital, Huayi Ventures, Huaxu Capital</td><td class="column-7">N/A</td>
</tr>
<tr class="row-6">
	<td class="column-1">MooreElite</td><td class="column-2">Shanghai</td><td class="column-3">* 15 million</td><td class="column-4">B</td><td class="column-5">CICC huirong</td><td class="column-6">Chong Qing XianTao BigData Valley, Lanpu Ventures</td><td class="column-7">Blockchain</td>
</tr>
<tr class="row-7">
	<td class="column-1">Wizard Games</td><td class="column-2">Hangzhou</td><td class="column-3">* 15 million</td><td class="column-4">-</td><td class="column-5">-</td><td class="column-6">Tencent Investment</td><td class="column-7">eSports</td>
</tr>
<tr class="row-8">
	<td class="column-1">OBiO</td><td class="column-2">Shanghai</td><td class="column-3">15 million</td><td class="column-4">C</td><td class="column-5"></td><td class="column-6">Tencent Investment</td><td class="column-7">Biotech</td>
</tr>
<tr class="row-9">
	<td class="column-1">Worthpack</td><td class="column-2">Shanghai</td><td class="column-3">4.6 million</td><td class="column-4">Pre-A</td><td class="column-5">Vision Plus Capital</td><td class="column-6">Unity Ventures, Zhishi Capital</td><td class="column-7">N/A</td>
</tr>
<tr class="row-10">
	<td class="column-1">Veniibot</td><td class="column-2">Chengdu</td><td class="column-3">* 1.5 million</td><td class="column-4">Pre-A</td><td class="column-5">-</td><td class="column-6">Cyanhill Capital</td><td class="column-7">CleanTech</td>
</tr>
<tr class="row-11">
	<td class="column-1">Raymon Pharma</td><td class="column-2">Suzhou</td><td class="column-3">* 1.5 million</td><td class="column-4">A</td><td class="column-5">Korea Investment Partners</td><td class="column-6">Topping Capital, Taiyu Capital, Sangel Capital, Ascendin Fund</td><td class="column-7">N/A</td>
</tr>
<tr class="row-12">
	<td class="column-1">See Digital Group</td><td class="column-2">Shanghai</td><td class="column-3">1.5 million</td><td class="column-4">A</td><td class="column-5">-</td><td class="column-6">SIG, Tiantu Capital</td><td class="column-7">Sales &amp; Marketing Software</td>
</tr>
<tr class="row-13">
	<td class="column-1">Thingworks</td><td class="column-2">Shanghai</td><td class="column-3">1.5 million</td><td class="column-4">Pre-A</td><td class="column-5">-</td><td class="column-6">Vision Knight Capital, Gobi China</td><td class="column-7">Cloud Computing</td>
</tr>
<tr class="row-14">
	<td class="column-1">Range Technology Development</td><td class="column-2">Langfang</td><td class="column-3">-</td><td class="column-4">Equity Financing</td><td class="column-5">-</td><td class="column-6">Ping An Capital</td><td class="column-7">Big Data</td>
</tr>
<tr class="row-15">
	<td class="column-1">Aipark</td><td class="column-2">Beijing</td><td class="column-3">-</td><td class="column-4">D+</td><td class="column-5">China Zhongji Investment</td><td class="column-6">Haixia Financial Holdings</td><td class="column-7">AI and Machine Learning</td>
</tr>
</tbody>
</table>

<p><em>∗</em><em> indicates that the company did not provide the specific size of the deal but only a range. So, we adopted the smallest number in the range, which is “10 million yuan ($1.5 million)” in the given example. </em></p>


The corpus raised will help Wizard Games expand its operations in the international market and ramp up headcount.

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