pocket gems
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Tencent doubles down on game studio Pocket Gems with $90M investment
Chinese internet Tencent has continued its recent investment spree after it backed U.S.-based game studio Pocket Gems to the tune of $90 million. Tencent invested in Pocket Gems back in 2015, when it put in a reported $60 million for a 20 percent stake. This time around the Wall Street Journal reported the investment as $90 million, which TechCrunch has confirmed independently. That deal,… Read More
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Tencent Backs Mobile Gaming Company Pocket Gems
Pocket Gems announced today that it has taken an investment from Chinese Internet company Tencent. The funding will allow the mobile gaming company to expand globally, including into China.
The companies did not disclose the size of the deal, but The Wall Street Journal reported that Tencent invested $60 million for 20 percent stake in Pocket Gems. Read More
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