Tencent invests in Spec Ops: The Line studio Yager

Tencent is making another big move in the gaming space. The Chinese megaconglomerate is investing an undisclosed amount of capital in Berlin-based game studio Yager Development. This influx of cash is going to help Yager expand its self-publishing efforts. It’s also going to enable the studio to continue work on its current project, competitive quest-based shooter The Cycle.

“Tencent is not only the world’s leading games company but also a prolific investor with a stellar track record,” Yager chief executive officer Timo Ullmann said. “We’re humbled to join the lineup of Tencent partners, which reads like a games industry Who’s Who. We’re confident that this will greatly enhance the scope of our business, not just by getting access to Tencent’s network and resources, but by tapping the vast industry know-how Tencent possesses.”