Tencent ups stake in Pocket Gems
By He Wei | China Daily | Updated: 2017-05-13 07:10
Hong Kong-listed Tencent Holdings Ltd has doubled down on game studio Pocket Gems Inc with a fresh $90 million investment, increasing its stake from roughly 20 percent since 2015 to 38 percent.
The latest investment values San Francisco-based Pocket Gems at about $500 million.
"Tencent is happy to reaffirm our long-term support for our strategic partner," said Tencent in an emailed reply to China Daily on Friday.
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