Last week Red 5 Studios admitted to a "restructuring" of its MMO game development studio which included layoffs of a number of its team members. At the time the company announced it had secured a new investor but declined to give details. Now a Reuters story reports that the investor happens to be China-based The9.

The9 is best known as the former World of Warcraft administrative company in China. It looks like the company is now looking for developers to fill their void with more games. There's no word on exactly how much money The9 is investing in Red 5 Studios and in fact none of the companies involved have officially confirmed this new investor relationship.