Kabam joins the $1 billion club after Alibaba investment. Can it avoid the fate of Zynga?

Gaming company Kabam, creator of such little known hits as "Kingdoms of Camelot" and "The Hobbit: Kingdoms of Middle-earth," has joined the elite-ish $1 billion valuation club following a sizable Series E from Alibaba. With a "diversify and prosper" strategy, Kabam hopes to avoid the rocky roads paved by Zynga and Candy Crush's King.com.…

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