KKR, AEW Seek China Property Sales as Commercial Real Estate Slump Deepens 
US Stock Futures Rise as AI Optimism Lifts Tech, 3M Jumps on Strong Earnings 
Asian Stocks Rise as Oil Retreats on Iran Ceasefire Hopes Ahead of Key AI Earnings 
Oil Prices Extend Four-Day Rally as U.S.-Iran Conflict and Red Sea Threats Raise Supply Fears 
Ryanair Warns Summer Airfares May Stay Lower as Quarterly Profit Misses Estimates 
US Dollar Climbs to Weekly High as Middle East Tensions Lift Treasury Yields and Safe-Haven Demand 
US Stock Futures Steady Ahead of Tesla, Alphabet Earnings as Iran Conflict Keeps Markets on Edge 
Morgan Stanley Downgrades Adobe, Workday as AI Transition Raises Growth Concerns 
Australia ASIC Tightens Auditor Oversight After KPMG Leak Scandal 
Oil Prices Hold Steady as U.S.-Iran Conflict and Houthi Blockade Keep Markets on Edge 
Asian Currencies Hold Steady as Middle East Tensions Boost US Dollar, Oil Concerns 
Japan Yen Slides Past 163 as Middle East Tensions Lift US Dollar, Oil Prices 
Tesla Stock Outlook: Strong EV Sales Boost Earnings, but AI Projects Drive Long-Term Value 
Deutsche Bank Says Fed Balance Sheet Cuts Could Weaken US Dollar Instead of Boosting It 
TSMC Sees Multi-Year AI Chip Demand as Arizona Expansion Reaches $265 Billion 
Super Micro Computer Stock Jumps 20% After Record AI Orders and Margin Surge 
Bank of America Says These Overlooked AI Stocks Could Be the Next Winners 
Microsoft Corporation is one of the major companies that has recently invested in South Korea’s WeMade game developer firm. The Seongnam-based online video game maker drew in new investments from the American tech giant and two other local investors.
WeMade, which is known for its "The Legend of Mir" massively multiplayer online role-playing game (MMORPG) title setting up funds to establish its own digital economy platform. With the new investments, the company is somehow getting rid of the skepticism among investors over its aggressive plans.
According to Aju Business Daily, WeMade was able to bring in new funds worth KRW66 billion or $46 million, and these were collectively received from Microsoft Corp., Kiwoom Securities, and Shinhan Asset Management.
The funding was said to have been forwarded with WeMade issuing bearer unguaranteed convertible bonds. Microsoft’s contribution to the latest investment funding of the game developer is almost half of the total money collected.
The company said that approximately KRW21 billion is coming from the tech firm. This will be Microsoft’s very first investment in a Korean gaming company.
"This is a meaningful investment by reputable financial and strategic investors with proven track records," WeMade chief executive officer, Henry Chang, said in a press release that was posted this week. "WeMade and Wemix will continue to exert efforts to attract more capital and actively invest to build the global digital economy platform."
The chief added, "Microsoft was very interested in the global digital economy platform that WeMade was trying to move forward with. The digital economy platform we dream of is difficult for us alone, and there will be continuous investments and partnerships in various ways because how good long-term partners participate determines the success of our ecosystem."
All the investment money is set to be spent on WeMade business operations and its research and development (R&D) activities, including the expensive marketing campaigns. Meanwhile, it was noted that despite the current risky external environment and very bad market volatility, Wemade has apparently achieved something big by succeeding in its efforts to attract investors to obtain new capital from leading strategic financial investors, both local and foreign.
