Hong Kong’s Six Waves Raises US$17.5 million for Facebook Games

SOCIAL GAMING   FACEBOOK   TURNER

Hong Kong – Six Waves, a Hong Kong-based social gaming group, has received US$17.5 million cash injection from Insight Venture Partners to support its international expansion plans.

Rex Ng, co-founder and CEO for Six Waves said social games have expanded rapidly fueled by the strong growth of social networks.

As well as the new capital the group has nabbed Turner International’s top executive Arthur Chow to act as its as chief operating officer.

“Millions of people are connecting with each other and players globally, to meet online and play together everyday,” Ng said.

The investment from Insight Venture Partners, a technology and internet investment firm, will be used to build infrastructure and a distribution pipeline on the back of Six Waves’ strong market share on Facebook to grow its presence globally.

Chow who has experience in digital media sector and corporate development will be responsible for overall strategy formulation and execution of Six Waves as a distributor of social games.

He will also be in charge of the finance, product and engineering teams as well as seek and evaluate potential strategic partners and investments to expand the company’s business globally.

Six Waves has more than 50 million monthly active users playing its games from various countries all over the world.

Its current game portfolio includes more than 20 published games such as World Poker, Happy Harvest, Animal Paradise that boasts close to three million monthly active users and recently released games like Happy Hotel, Dress Me Up and Shadow Empire.

Six Waves will use the new funding to support developers by providing distribution, localisation, monetisation and infrastructure  solutions to grow exponentially in social media space.

Jeff Horing, managing director for Insight Venture Partners, said: “We support Six Waves’ vision to connect people through games and provide a fun, interesting and energizing environment for consumers.”

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