ALL THE LATEST NEWS ABOUT THE BUSINESS OF PC GAMES

News

Tencent makes investment in UK indie studio Milky Tea

Date Type Companies involved Size
August 2nd, 2017 Tencent Not disclosed
Tencent makes investment in UK indie studio Milky Tea

Chinese tech giant Tencent has made yet another investment in the UK games industry.

Indie studio Milky Tea is the latest company to attract the attention of the Chinese company.

The size of the investment is yet to be revealed, but is presumed to help the developer grow its team.

Milky Tea began life as an animation house working on marketing creative for the likes of Lloyds, Hyundai and Guinness. It moved into games development, releasing racing title Coffin Dodgers in 2016.

It is currently working on sports combat title HyperBrawl Tournament, which is set for launch in early 2018.

"This partnership marks a turning-point in Milky Tea's history," said founder and managing director Jonathan Holmes.

"The scale of it really hasn't hit home just yet, but we are all really proud to be part of the Tencent family and we couldn't ask for better partners. Everyone at Tencent has gone above and beyond our expectations to make this happen and from a personal point of view, it's a dream come true."

This news follows Tencent taking a nine per cent stake in Elite Dangerous and Screamride developer and publisher Frontier Developments last week.

The Chinese giant’s over games interests include Activision Blizzard, Riot Games, Supecell, Epic and Glu Mobile.


Editor - PC Games Insider

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he was hired to launch PCGamesInsider.biz for Steel Media before departing the firm in October 2019.

He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

Comments

No comments
View options
  • Order by latest to oldest
  • Order by oldest to latest
  • Show all replies