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Tencent has led a $25 million investment into Avakin Life developer Lockwood Publishing.

Chris Kerr, News Editor

November 4, 2020

1 Min Read

Tencent has led a $25 million investment into Avakin Life developer Lockwood Publishing, according to GamesBeat.

Avakin Life is a 3D virtual world that allows players to be anything and anyone" by creating and customizing an avatar, designing and building their "dream house," and socializing with others.

The free-to-play title has a reported 200 million users on iOS and Android, and offers an assortment of in-app purchases. 

News of the Tencent investment comes months after Lockwood opened a new Lisbon studio to continue expanding Avakin Life

It also follows a number of notable investments for Tencent, with the Chinese company having recently led a $100 million funding round in esports company VSPN and grabbed a major stake in GTFO developer 10 Chambers.

About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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