Social game company Yodo1 raises $5m

Yodo1, a social game company based in Beijing, that works heavily with Western game developers to bring their titles to the Chinese market, has raised $5 million in a funding round.

The Chinese company raising the money from SingTel Innov8, the corporate venture arm of a Singapore-based mobile carrier, Tech Crunch reports.

The Chinese company works in a co-production model where it is allowed access to the code base of Western developers’ games. It then adapts the graphics, virtual goods and music for local Chinese tastes.

Yodo1 said it now has 25 million monthly actives in China for titles that it co-produces, including XMG’s Powder Monkeys, HandyGames’ Clouds & Sheep and Robot Entertainment’s Hero Academy.

It also said it is adding five to six million new players each month, and daily active users and revenue are doubling month-over-month.

An earlier investor, Changyou Fund, also participated in Yodo1’s latest funding round.