# Hoolai Game

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hoolai-game

- Industry: Software
- Headquarters: Beijing, China
- Website: www.hoolai.com
- Total disclosed funding: $40M
- Latest round: Series C (Jul 28, 2015)
- Investors on record: 6

## About

Hoolai Game is a developer of interactive gaming experiences, focusing on mobile and online games that foster social connections among players, primarily targeting the growing Asian gaming market.Founded in 2008 and headquartered in Beijing, China, Hoolai Game specializes in creating engaging gaming experiences. The company was acquired by Wanda Cinema in May 2016, which may indicate a strategic pivot to enhance its market presence. The founder, Qiao Wanli, previously had a background in the gaming industry. Hoolai Game raised a total of USD 20.00 mn in its latest funding round, Series B, led by Sequoia Capital, marking a significant step in its financial journey.Hoolai Game, known as ???? (Huhai Interactive), focuses on developing mobile and online games that enhance player social interaction. Their offerings cater to casual and dedicated gamers, emphasizing collaboration and connection while addressing entertainment and community engagement needs. Primarily targeting Asian markets, especially China, the company aims to reach a broad customer demographic through user-friendly interfaces and interactive features.Hoolai Game's revenue model is based on digital transactions through in-game purchases and subscriptions. Players can access basic features for free, while premium content is available for a fee. The company also partners with other gaming platforms, enhancing product distribution and revenue sharing. Although specific figures are not disclosed, these revenue streams significantly support the company's financial health.Looking ahead, Hoolai Game is focused on launching new products designed to enhance player engagement, with specific release dates yet to be announced. The company plans to expand its operations into other Asian markets beyond China. The recent funding round will be utilized to support these initiatives, including product development and market expansion efforts.

## Funding rounds

- Series C, Jul 28, 2015 — Tencent Investment, Juren Capital, Goldstone Investment
- Series B, Jul 29, 2011, $20M — Hong Shan, BAI Capital
- Series B, Jul 1, 2011, $20M — Hong Shan, BAI Capital
- Series A, Jan 1, 2011 — Zero2IPO Ventures

## Investors

- Zero2IPO Ventures (https://capitalatlas.ai/funds/zero2ipo-ventures) — Series A
- Hong Shan — Series B
- BAI Capital (https://capitalatlas.ai/funds/bai-capital) — Series B
- Tencent Investment — Series C
- Juren Capital (https://capitalatlas.ai/funds/juren-capital) — Series C
- Goldstone Investment — Series C