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Tencent poured $90 million into Pocket Gems because of two shiny jewels

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.

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. The companies didn’t disclose the size of the deal, but the Wall Street Journal reported the number at $90 million. And GamesBeat has confirmed that number is correct.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.