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May 11, 2017 11:58 pm GMT
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
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/smRKVzc_shY/
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 MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/smRKVzc_shY/
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