Lord of The Rings, Fast & Furious Mobile Game Developer Gets $120 Million Investment From Chinese Internet Giant Alibaba

Kabam is now valued at more than $1 billion.

The San Francisco-based free-to-play mobile game developer Kabam secured a $120 million investment from Chinese Internet company Alibaba, Kabam has announced.

Kabam will also enter into a “strategic collaboration” with Alibaba, which will publish Kabam’s mobile games in China across Alibaba Group’s mobile applications, introducing it to a huge (and potentially hugely profitable) new audience.

Kabam makes its own original games like Kingdoms of Camelot: Battle for the North, and Dragons of Atlantis: Heirs of the Dragon, as well games based on popular movie franchises like The Hobbit: Kingdoms of Middle-earth and Fast & Furious 6: The Game.

“Truly successful games companies have to be globally successful,” Kabam’s CEO Kevin Chou said. “This strategic collaboration with Alibaba provides Kabam the resources, infrastructure and distribution to help bring our current and future durable franchise games to China and elsewhere in Asia and make an immediate impact.”

Existing investors in Kabam include Google Ventures, Warner Bros., MGM, Intel, Canaan Partners, Redpoint Ventures, Pinnacle Ventures and others.

Kabam didn’t disclose the terms of the investment, but said that the company is now valued at $1 billion.

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emanuelmaiberg

Emanuel Maiberg

Emanuel Maiberg is a freelance writer in search of the Citizen Kane of burritos.
15 comments
91210user
91210user

Been there, done that, just only seen it five years ago with consoles with their movie and game tie ins. 5 years down the line, someone else is going to pick these 'amazing games' and say that they've defined history.

MoreThot
MoreThot

Might as well given that money to charity.. shit.

frozenuxx
frozenuxx

Mao Zedong is rolling in his grave...

cowbellkid
cowbellkid

It costs 120 million to make crappy mobile games? Who's the lead developer? James Cameron? 

Saidrex
Saidrex

So much money invested in crapware...

berserker66666
berserker66666

And then.....the 40 thieves will split that $120 million dollars between themselves..

Boddicker
Boddicker

There are some franchise I could give half a shyte about.

punksterdaddy
punksterdaddy

Cartman was right... The Chinese are coming to take over the world!

spacecadet25
spacecadet25

@punksterdaddy  I wonder if James Bond will be battling this company's CEO sometime in the future, they almost sound like one of those huge but nameless companies hellbent on world domination.

However, their CEO would need some type of weird characteristic if he hopes to be a Bond villain, like golden gun, a bullet in his brain, or his tear-ducts leak blood, or even has braces or owns a cat, or something.  Or maybe has a hat that he can throw at people to kill them.

hystavito
hystavito

@spacecadet25 @punksterdaddy The guy that threw the hat was one of the henchmen wasn't he?


I think some villains were kinda plain but their henchmen/women had the special characteristics.  I can't give a sure example, maybe Zorin from a View to a Kill?  He didn't have any special "thing" did he?