Red 5's new investor is the Shanghai Oriental Pearl group (update)

Firefall developer Red 5 Studios may have a new investor, the Shanghai Oriental Pearl group, according to a press release from Red 5 parent company The9 Limited.

The proposed sale would total about $24 million, for which the Shanghai Oriental Pearl group would receive an equity stake of about 20 percent in Red 5. The press release values Red 5' free-to-play online shooter Firefall at $100 million. China Securities Network News reports that the investment would be the group's first in the video game ecosystem.

The9 Limited acquired a majority stake in Red 5 in 2010. Today's proposed transaction would take place between The9 and the Shanghai Oriental Pearl group. Red 5 would remain a subsidiary of The9.

We've reached out to Red 5 Studios for comment and will update this article with more information as we have it.

For more on the game and the team behind it, be sure to read Polygon's Firefall feature.

Update: A representative for Red 5 told Polygon that "At this time we do not have any comment."

Thanks for the tip, Fan Zhang.

More from Polygon

Hearthstone - Plague Quarter gameplay video

  • A guided video tour of an Unreal Tournament map

  • Freedom Planet gameplay video

  • Adventure Time trailer

  • Hearthstone: Naxxramas Overview

Latest Discussions

Log In Sign Up

Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.



Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.