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 a 20 percent stake in Pocket Gems.
Pocket Gems recently launched its War Dragons title aimed at hardcore gamers. It says its games have seen more than 200 million downloads total.

“We’re thrilled to be partnering with Tencent, whose unparalleled strength in games publishing and operations in China will help us create great mobile games and entertainment for players globally,” said Pocket Gems CEO Ben Liu in the funding release.