$7m investment for former Chinese e-game player

The former Warcraft 3 pro Li Xiaofeng, better known as "Sky", has received a US$7.7 million investment, as part of Series A round, for his gaming peripherals startup Taidu Technology.

This investment was jointly led by Chinese tycoon Wang Sicong’s VC firm Pusi Capital and Shanghai-based VC Handuo. Other investors in the round included Hengxing Ventures and Puju Ventures. Wang Sicong, son of Dalian Wanda Chairman Wang Jianlin, is already heavily involved in the gaming-related industry.

Taidu Technology is a hardware startup that develops and sells gaming peripherals with special features designed for serious gamers. Apart from some mousepads, its only current product is a smart gaming mouse that links up with an app. The mouse retails for US$46 via Taidu’s site.

Taidu says the company’s imminent next move will be a JD.com crowdfunding campaign for a more everyday-consumer-focused version of the smart gaming mouse.

Source: techinasia.com

Proofread by Sean O Diobhilin