Tencent invests $90m in US mobile game developer Pocket Gems

Tencent invests $90m in US mobile game developer Pocket Gems

Visitors use their smartphones underneath the logo of Tencent at the Global Mobile Internet Conference in Beijing May 6, 2014. REUTERS/Kim Kyung-Hoon/File Photo

Chinese Internet service major Tencent Holdings Inc. has invested $90 million in San Francisco-based Pocket Gems Inc., a mobile games developer that has launched “Episode” and “War Dragons”. Post-money valuation of the firm stands at approximately $600 million, with Tencent holding 38 per cent of the firm.

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