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By TNW. pguk feature Apr 9th, 2021 Undawn release date and the rest you need to know. " Tencent is happy to reaffirm our long term support for our strategic partner, Pocket Gems," said Steven Ma, Senior Vice President of Tencent. Pocket Gems only has two main games: Episode and War Dragons. Pocket Gems Mobile Mobile Games Pocket Gems develops ridiculously fun mobile … Pocket Gems seeks to build the greatest mobile games and most compelling interactive entertainment in the world. 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The funding amount is high in part because Pocket Gems has had so much success focusing on just two mobile games, its Episode digital storytelling app and its War Dragons hardcore multiplayer app. 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 … Founded in 2009, Pocket Gems is a San Francisco-based mobile games and interactive entertainment developer. Pocket Gems has grown to over 200 people in San Francisco. Pocket Gems seeks to build the greatest mobile games and most compelling interactive entertainment in the world. US-based mobile gaming company Pocket Gems has only two games in its portfolio, Episode and War Dragon. It is valued around $600 million It is valued around $600 million Chinese Giant Tencent Invests $90 million into Pocket Gems - TechStory Pocket Gems will benefit from Tencent’s deep expertise in building and commercializing games and interactive entertainment. Publishers in mobile, just…, Big Quest 2. Tencent is developing a mobile version of Story of Seasons, and there’s already a new trailer to go along with it. Following from its recent 15 percent $126 million stake in Glu Mobile, it's been announced that it's taken a minority stake in San Francisco developer Pocket Gems. Tencent ploughs $90 million into Episode and War Dragons developer Pocket Gems, Tencent is investing $70 billion into tech infrastructures, Tencent acquires 20% stake in Japanese games firm Marvelous, Zynga pays Small Giant $240 million in second performance earn-out, Download the Mobile Games Developer Trends Autumn 2020 report, Superstar Session: Hypercasual Ideation - How #1 Hit Games Are Born, Ad Strategy in the Age of Consolidation #ELEVATEYOURGAME - PG.Biz Fireside Chat. Alchemy Stars is an upcoming strategy RPG from Tencent that's available to pre-register for iOS and Android. WHAT OUR INTERNS HAVE TO SAY For support issues visit our site . Pocket Gems is a mobile entertainment company anchored in gaming that was founded in 2009. War Dragons, in particular, has enjoyed a good deal of success. Les jeux pour mobiles font exploser les résultats de Tencent. 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 … Pocket Gems might be based in America’s tech capital of San Francisco, but it’s partially owned by Tencent, who operate from Shenzhen in China. Pocket Gems develops ridiculously fun mobile games. Why are people still playing Garena Free Fire? After all, it is the largest games company by revenue, controlling massive shares of the China PC and mobile sectors by dint of its internet platforms and messaging channels such as QQ and Weixin/WeChat. After this new investment, Tencent's stake in Pocket Gems will increase to 38% and this deal values Pocket Gems at about USD600 million. China's Tencent Holdings, which owns a majority stake in Riot Games and Supercell, as well as minority stakes in Epic Games, Robot Entertainment and others, is continuing to expand its rather massive global gaming footprint by investing $90 million in mobile developer Pocket Gems. Pocket Gems seeks to build the greatest mobile games and most compelling interactive entertainment in the world. Terms haven't been disclosed but it's rumoured that it's spent around $60 million for a 20 percent stake. It is hardly news that Tencent has been on a gaming acquisition spree over the past few years. Explore Companies Investors Top 50 Streams Trending tech news Latest investments Latest acquisitions Products Automate Trackers Innovation Services About Index Index. Pocket Gems announces a minority investment from Tencent, a top Internet service provider in China and likely largest gaming company in the world. Terms haven't been disclosed but it's rumoured that it's spent around $60 million for a 20 percent stake. 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Pocket Gems has grown to over 250 people in San Francisco. Expansion, acquisitions, and more original IP: CEO Richard Jolly opens up about the opportunities Tencent has created, The CFIUS is investigating whether user data handled by the two studios could constitute a "national security risk" because they are Chinese-owned, Starbreeze 4.0: How the Payday studio escaped the brink of insolvency, Tim Cook doesn't know stuff | This Week in Business, Game Pass on Switch: could it happen? The investment follows an earlier one from Tencent when it bought about 20% of Pocket Gems for $60 million. That’s the mission our founders began with, in an apartment above a pizza shop back in 2009, and it continues to inspire us today. Tencent Holdings and Tencent Holdings are the most recent investors. Your new password will then be emailed to you. Sign up for The Mobile newsletter and get the best of GamesIndustry.biz in your inbox. A top-grossing developer with games like Tap Paradise Cove and Animal Voyage: Island Adventure, Pocket Gems has grown to 175 people. Pocket Gems has grown to over 200 people in San Francisco. Pocket Gems, a leading mobile entertainment company funded by Sequoia Capital and Tencent, is continuously breaking new ground by building graphically rich mobile games, developing fun new genres of mobile entertainment and creating innovative technologies like our proprietary Mantis Engine. "Tencent is happy to reaffirm our long term support for our strategic partner, Pocket Gems," said Steven Ma, Senior Vice President of Tencent. "The Pocket Gems team has built an incredible company," said Jim Goetz, partner at Sequoia Capital. Erwan Lafleuriel est rédacteur chez IGN France. "Tencent is happy to reaffirm our long … Updated 2017-05-13 14:01:11 China Daily. Tencent's backing is complemented by a minority backing from Sequoia Capital as well. That’s the mission our founders began with, in an apartment above a pizza shop back in 2009, and it continues to inspire us today. Tencent invested in Pocket Gems … The $90 million investment follows an earlier one in 2015, and brings Tencent’s ownership of the company to about 38 percent, along with valuing the game developer at $500 million. Tencent est l'une des plus grandes sociétés chinoises, et la plus grande société de jeux vidéo au monde. ", Despite large investments, Pocket Gems remains independent. To reset your pass, please enter your email below and submit. Since pioneering free-to-play mobile games, Pocket Gems’ titles have been downloaded more than 150 million times across iOS and Android. Tencent announced a $90 million investment into Pocket Gems, a US-based studio best known for its major titles Episode and War Dragons. Pocket Gems is one of the original F2P social mobile developers, although its current release is midcore title War Dragons. More…, Your sign up will be strictly used in accordance with our, Why the Subnautica series has turned to Switch to make a big splash, Hot Five: Jam City's SPAC float and Google Stadia app hits 3 million downloads, Mobile Games Jobs Weekly: Hollywood producer Jerry Bruckheimer joins Skillz, Rovio appoints new SVP future of gaming, and Gamestop CFO resigns. It was one of the first synchronous multiplayer 3D games on mobile and managed to triple its player base year-over-year, with close to 2 billion battles fought in 2016. At that time, that the Chinese Internet company invested USD60 million in acquiring a 20% share of Pocket Gems. Mobile game publisher Pocket Gems announced today that it has raised $90 million in new funding from Chinese Internet company Tencent, which is also the world’s largest game company.. Following Tencent’s $90m investment in Pocket Gems last week, Karol Severin, MIDiA Research’s lead analyst for research on games and the mobile content economy, shares his view on Tencent… ", "We're excited to build on our partnership with Tencent, whose unmatched strength in games will help us become one of the great developers of mobile games and interactive entertainment in the world," said Ben Liu, CEO of Pocket Gems. Valve to announce portable PC based on Nintendo Switch? Pocket Gems said that it's aiming to launch its new studio and its first title from that studio later this year. The best is yet to come. Where We Are. It also comes during a period of growth for Pocket Gems, which said that it reached all-time highs in both players and gross bookings in 2016. Pocket Gems is funded by 4 investors. With backing from Sequoia Capital and Tencent, we’re constantly breaking new ground with graphically rich mobile games, fun new genres of mobile entertainment, and innovative technologies like our mobile-first Mantis Engine. Therefore, it is quite … 4:58 PM PDT • May 11, 2017 Chinese internet Tencent has continued its recent investment spree after it backed U.S.-based game studio Pocket Gems to … The game is expected to release on iOS and Android devices. We’re continuing that tradition today by developing genre-defining games and entertainment The latest investment values San Francisco-based Pocket Gems at about 0 million. With backing from Sequoia Capital and Tencent, we’re constantly breaking new ground Lists Featuring This Company | Opinion, Geoff Keighley: "The feedback from everyone is that they want these games shows all together", How Tencent gave Splash Damage the "cheat codes for game development", Aerial Knight's Never Yield: A solo developer's journey of self-actualization, Didn't we already fix this? Pocket Gems has grown to over 200 people in San Francisco. That’s the mission our founders began with, in an apartment above a pizza shop back in 2009, and it continues to inspire us today. Indie Mavens: What trends and events will shape the mobile industry in 2021? Tencent ups stake in Pocket Gems. With backing from Sequoia Capital and Tencent, we’re constantly breaking new ground with graphically rich mobile games, fun new genres of mobile entertainment, and innovative technologies like our mobile-first Mantis Engine. "Pocket Gems stands alone as the only independent game developer in the world with two entirely different top 50 category-creating titles, Episode and War Dragons.". With backing from Sequoia Capital and Tencent, we’re constantly breaking new ground . Pocket Gems has a post-money valuation in the range of $500M to $1B as of May 11, 2017, according to PrivCo. Hong Kong-listed Tencent Holdings Ltd has doubled down on game studio Pocket Gems Inc with a fresh million investment, increasing its stake from roughly 20 percent since 2015 to 38 percent. Tencent has made yet another significant investment, this time in game studio Pocket Gems. Wish I could say this is “good news for everyone” as it is not. Chinese gaming giant Tencent has invested in a US mobile developer - again. Tencent first invested in Pocket Gems in 2015. Tencent is paying $60 million for the stake, the people said, and will take a seat on the Pocket Gems board. Tencent Invests $90M in Mobile Studio Pocket Gems May 14, 2017 Michelle K Comments Chinese tech giant Tencent is investing $90M in Pocket Gems, the studio behind the fast-growing success of War Dragons, a 3D mobile game which revolves around realtime strategy and PvP play. Chinese internet giant Tencent has made a … Supercell débarque en Chine This latest funding values Pocket Gems at roughly $500 million and brings Tencent's stake up to 38%. This will enable the … Pocket Gems wants to build the greatest games and interactive entertainment in the world. 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Pocket Gems | 51,137 followers on LinkedIn. Pocket Gems Inc @PocketGems / Facebook.com Although the company has been a stakeholder for quite some time, they upped their stake in 2017 and injected a further $90 million. Total Active App (currently available for download): 4,574,002, Total Inactive Apps (no longer available for download): 213,829, Total Apps Seen in US App Store: 4,787,831, Number of Active Publishers in the US App Store: 1,289,538. Tencent is investing again in gaming, this time into San Francisco’s Pocket Gems Inc. —the developer of mobile games Episode and War Dragons. Pocket Gems has grown to over 200 people in San Francisco. Our products have been downloaded over 270 million times by players around the world. That’s the mission Pocket Gems’ founders began in an apartment above a pizza shop back in 2009 and we continue it today. With backing from Sequoia Capital and Tencent, we’re constantly breaking new ground with graphically rich mobile games, fun new genres of mobile entertainment, and innovative technologies like our mobile-first Mantis Engine. A kind of game with a new experience. Sign up for a free trial to view exact valuation and search companies with similar valuations. Pokemon Day: How are The Pokemon Company's recent mobile releases performing? The partnership will present Pocket Gems … Pocket Gems seeks to build the greatest mobile games and most compelling interactive entertainment in the world. Pocket Gems began in 2009 by creating entirely new types of mobile games. Presearch is a decentralized search engine, powered by the community. Basée à Shenzhen, cette corporation détient des parts mineures dans Activision Blizzard, Epic Games, GLU mobile ou encore Pocket Gems, en plus de Riot Games. The trailer begins by showing some of the familiar farming seen in all Story of Seasons and Harvest Moon games. Pocket Gems is still slated to operate independently of Tencent and its other major investor, Sequoia Capital. But this hefty cash injection wasn't the first, coming almost two years to the day after Tencent's original $60 million investment in the San Francisco outfit on May 14th 2015.. Tencent was flexing its considerable financial muscle in 2015, showing its intent in Western markets … Quest adventure in a wide and varied world. On May 11th, Chinese games giant Tencent invested $90 million in War Dragons and Episode developer Pocket Gems.. But it clearly hopes to take Tencent’s understanding of the market in China to make its two biggest games—Episode and War Dragons—more popular there. Pocket Gems was founded in 2009 and employs about 200 people in San Francisco. pgbiz News Apr 8th, 2021 PUBG Mobile studio working on cross-platform zombie survival game Undawn . Can Nintendo and Amazon disrupt the free-to-play market with a new business paradigm? Le géant chinois, désormais actionnaire d'Ubisoft, rencontre un succès phénoménal avec son jeu Honor of Kings. Log in Register Pocket Gems 3917. The sizable investment will be used to support "major expansions for the Episode and War Dragons communities, as well as the upcoming launch of a new studio building 3D synchronous multiplayer mobile games for hardcore gamers." With this, the firm is building up on its previous investments in Pocket… Following from its recent 15 percent $126 million stake in Glu Mobile, it's been announced that it's taken a minority stake in San Francisco developer Pocket Gems. Pocket Gems seeks to build the greatest mobile games and most compelling interactive entertainment in the world. As well as letters and cameras, he likes imaginary numbers and legumes. 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