Platinum Games receives capital investment from Tencent

Via its web site, Platinum Games announced it has received capital investment from Chinese company Tencent Holdings Limited. According to Investopedia, capital investment “is a sum of money provided to a company to further its business objectives.”

Here is the statement posted on behalf of Kenichi Sato, President and CEO at Platinum Games:

“We would like to announce we have received a capital investment from Tencent Holdings Limited as a basis for partnership. This partnership has no effect on the independence of our company, and we will continue operations under our current corporate structure.

We hope to use this capital to strengthen our foundation as a business and expand from game development into exploring self-publishing. We also hope that this partnership can give us a wider global perspective, while still creating high quality games that stay true to our name.

Thank you as always for your continued support. Please look forward to what we have in store.”

Tencent is no stranger in the field of gaming. It owns all of Riot Games (developer of League of Legends) as well as 40% of Epic Games.

As for Platinum Games, it is looking for independence when it comes to publishing its own games.

[Source]: Platinum Games: Announcement regarding partnership with Tencent.