Tencent invests in mobile games

mobile games revenues

Tencent to purchase a stake in game developer Glu Mobile Tencent, one of the world’s largest Internet companies, has formed a strategic partnership with Glu Mobile, a developer of mobile games. In this partnership, Tencent has agreed to purchase a 14.6% stake in Glue Mobile, costing approximately $126 million. Mobile games have become a powerful aspect of the overarching game industry and companies like Tencent, which already have a prominent presence in the mobile space, are showing more interest in working with developers to break into a promising market. Companies…

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