NetEase has invested USD25 million in a Finnish gaming start-up named Reforged Studios, which has not yet officially published any product.
According to reports in Chinese local media, NetEase said in a report that they implemented the investment via NetEase Capital Venture; however, the company did not reveal its equity stake.
Headquartered in Helsinki, Reforged Studios was just established in 2015. The company plans to launch its first product, an epic combat game, on mobile devices in 2016.
NetEase said that Reforged Studios' founding team members previously worked for well-known gaming companies, including Riot Games, Electronic Arts, and Blizzard Entertainment. The official website of Reforged Studios has information of nine members of the company, including four co-founders holding positions of CEO, COO, CTO, and "Game Tech Lead"; and other five persons taking art director, innovation director, senior designer, senior engineer, and brand manager roles.
Apart from the Helsinki headquarters, Reforged Studios also opened an office in Los Angeles.