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Target Software

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Company focused on the development of high-end entertainment games and multi-media software

Hong KongFounded 1995Consumer Services
Valuation $50–100M Last recorded · 2007
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Target Software and the history behind them.

About Target Software

Established in 1995, Target Software (Beijing) Co., Ltd., also known as Object Software, stands as one of the pioneering video game development companies in mainland China. The company carved out a niche by specializing in entertainment software for the personal computer, with a strong focus on games set against the backdrop of ancient Chinese history. Its business model encompasses the development of both single-player titles and, later, the operation of online games, often through its affiliate, Beijing Object Online Technology Corporation. Target Software not only captured the domestic market but also achieved international distribution for several of its key titles, a significant accomplishment for an independent Chinese developer of its time.

The firm's development history began with titles like "Hooves of Thunder" in 1995 and "Metal Knight" in 1998. A major milestone was the release of "Fate of the Dragon" in 2000, a real-time strategy game based on the Three Kingdoms period, which was published globally by Eidos. This was followed by other internationally recognized games such as "Dragon Throne: Battle of Red Cliffs" (2001) and "Prince of Qin" (2002). As the market shifted, Target Software transitioned into the burgeoning online gaming space, launching a series of massively multiplayer online role-playing games (MMORPGs). This new portfolio included successful titles like "World of Qin" in 2003 and its sequel "World of Qin 2" in 2005, which the group began to operate itself. The company continued to produce online games like "Dragon Throne Online" and "Phoenix Dynasty Online" throughout the mid-2000s, solidifying its position in the online PC game sector.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
1995
Headquarters
Hong Kong
Employees
57
Open positions
None listed
Dealroom signal
22.7/100
Industry
Gaming
Sector
Consumer Services, Entertainment, Game Development
Client focus
b2b

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VCEquity / VC Jan 2012 $10M $40M Undisclosed —
ACQUISITION✓Exit Jan 2007 $60M $60M Blackbaud —
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Growth signals

Target Software website traffic

Latest recorded traffic for Target Software is 1.9K monthly website visits, down 67.8% over the last three months.

Latest monthly visits1.9K 3-month web change-67.8%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Other known investors1 additional known investor

  • Blackbaud
Team profiled 2 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇨🇳 China100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Target Software on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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