Kabam Receives $120 Million in Funding from Alibaba Group

Mobile and social game company Kabam has announced its partnership with Alibaba Group to bring Kabam’s titles to mobile gamers in China. As part of the partnership, Kabam will receive an investment of $120 million from the Alibaba Group.

Kabam has focused on the Asian market for some time now, creating its $50 million Worldwide Developers Fund in 2013, to bring games from Asian developers to Western audiences. In addition, the company opened its Beijing office four years ago, where The Hobbit: Kingdoms of Middle-earth and Kingdoms of Camelot: Battle for the North were developed.