RockYou raises further $10m from SoftBank

Social games and entertainment company RockYou has raised a further $10 million from SoftBank and acquired a stake in RockYou Asia, its collaboration with the Japanese financial institution.

With total financing of $127 million, the company plans to expand further into Asian markets following success in Japan, Korean and China.

"We've always been very excited about the Asia market and believe that the market for social applications will really heat up in the coming months," said Jia Shen, founder of RockYou.

"With the further alignment between RockYou and RockYou Asia we can have an increasingly significant impact on the Asia Social Gaming market and further engage the world through social media."