Titanium Media App News on August 9, Unity announced that it has reached an agreement with a partner and established a joint venture - Unity China, Alibaba , China Mobile , Gigabit , Mihayou, OPPO, Jiadu Technology and Douyin Group will be Participating in the investment in the joint venture, Unity China's post-investment valuation is US$1 billion. Unity China will enhance cooperation with local companies to seek new development opportunities, and increase R&D investment to better meet the needs of the Chinese creator community. Unity will retain the majority stake and control of Unity China, which will be responsible for the operation of the entire Greater China region, and Unity executives and representatives of major investors will also form a board of directors to supervise it. As such, Unity will continue to consolidate Unity China's financial performance. Zhang Junbo, the current general manager of Greater China, will continue to lead the company's development as President and CEO of Unity China.
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