The9 Establishes Mobile Internet Development Fund

It’s time again for mobile app developers to dust off whatever sort of “please give us money” letter they keep on file.  The9, a game company based in China, has helped create an investment fund (Fund9) worth $100,000 that’s meant to finance projects both homegrown and international.

Jun Zhu, chairman and CEO of The9, explained in a statement, “Mobile internet application and platform has become a significant part of the mobile and internet industry with a rapidly growing number of smartphone users, especially in China.  We noticed that there are many talented and creative domestic development teams in need of support during their development.  If they receive financial and other support such as marketing, operation and administration, their chance of success will be much higher.”

Then Jun Zhu continued, “I believe Fund9 has a unique opportunity to provide such support to these talented developers who will be able to launch more advanced mobile applications that will ultimately benefit all mobile internet users.  We will also target talented overseas mobile internet application and platform developers with the ultimate goal of bringing the best products to China.”

The other organizations behind this fund include Chengwei Ventures, ChinaRock Capital Management, and China Renaissance K2 Ventures, by the way.

Good luck if you decide to apply.  The9’s official site, complete with contact info, is available here; a separate site for Fund9 doesn’t seem to have been established yet.

By Doug Caverly

Doug is a staff writer for WebProNews. Visit WebProNews for the latest eBusiness news.

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