D.CN secures $20M for mobile social games in China

Newsbrief: D.CN -- one of the largest mobile social game platforms in China, and also a key partner in helping Rovio bring Angry Birds to the country -- has raised $20 million in a new round of funding. The Beijing-based company compares itself to leading Japanese mobile social games network Gree in its popularity. D.CN claims it has the biggest platform in China with 56 million users. It sees an average of more than 7 million downloads for its games every day. Founded in 2004, D.CN previously received $12 million from its first round of funding in July 2010. Previous investor Qiming Venture Partners, as well as new backers like SAIF Partners and Beijing Grains Valley Capital Co., participated in this latest round. D.CN believes this new investment will enable the company to lead the mobile social games market as more competitors from China's PC space (e.g. The9, Shanda Games) begin to establish a presence in the region's mobile sector.