Moyoyo

About Moyoyo

Moyoyo, operating under its formal name Beijing Chuanmei Technology Co., Ltd., was established in 2010 as a specialized e-commerce platform for the mobile gaming market in China. The company positioned itself as a marketplace for a wide array of digital gaming assets. Its core business revolves around facilitating transactions for virtual goods and services essential to the mobile gaming community.

The platform's offerings include the buying and selling of game accounts, in-game currency, virtual equipment, and other digital props. Moyoyo also handles transactions for game packs, digital top-up cards, and game-leveling services, catering to the needs of mobile gamers looking to enhance their gameplay experience or trade digital assets. The business model appears to be transaction-based, earning revenue from the activities conducted on its online trading platform. The company serves the broad market of mobile phone gamers, providing a centralized hub for their digital product needs.

In a significant milestone, Moyoyo secured a Series A funding round in November 2014, raising approximately $16.7 million (RMB 100 million). This investment was provided by Meridian Capital, marking a key moment in the company's financial history. Despite this infusion of capital, business information provider Tracxn lists the company as "deadpooled."