Tencent reportedly paid about $60m for a 20% stake in the mobile gaming company, which is planning to expand in China.
Internet company Tencent has invested approximately $60m in US-based mobile game developer Pocket Gems, the Wall Street Journal reported yesterday, citing people familiar with the matter.
Tencent took a stake sized at around 20% in the deal, and will look to leverage Pocket Games’ content to help it grow its mobile business in its home country of China.
Founded in 2009, Pocket Gems specialises in free-to-play mobile games and its games have been downloaded more than 200 million times in…
