Tag Archives: Tencent

Dream11 valued at $1bn after recent Steadview investment

Indian fantasy sports gaming platform Dream11 has become the first gaming company in India to join the exclusive ‘unicorn club’, after Hong Kong-based Steadview Capital bought an undisclosed stake in the startup, valuing the company at over $1bn. Investment from Chinese online gaming giant Tencent, along with others, also resulted in a $100 million funding round which significantly helped the …

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WSOP pushes for deeper Asian coverage with Tencent China

Seeking to expand its tournament coverage and presence within the Asian market, Caesars Interactive’s World Series of Poker (WSOP) has secured a content partnership with Chinese media and digital giant Tencent. The deal will see Tencent utilise its digital media channels to push WSOP content, the world’s biggest poker tournament to Asian viewers. WSOP and Tencent management detailed that the …

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Tencent acquires majority share in Riot Games

The League of Legends developer Riot Games has sold the remainder of its shares to major gaming company Tencent. Tencent owns a significant portion of Activision Blizzard in addition to 40% of Epic Games, the Gear of War developer. It also owns shares of other companies such as Miniclip, Glu Mobile and Robot Entertainment. In a statement a spokesperson for Riot Games stated: …

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