Tencent Holding Ltd, one of the largest providers of internet-based services in China, are branching out and have just announced that the company have invested in Liverpool-based independent developer Milky Tea.
Milky Tea have previously worked on virtual reality (VR) title, Coffin Dodgers VR, a tongue-in-cheek first-person racing title in the Mario Kart vein where the players taken control of an elderly person driving a racing cart trying to literally outrun the Grim Reaper. The VR version of the title is available on Steam for Oculus Rift, with non-VR versions available for PlayStation 4 and Xbox One.
Milky Tea’s Founder and Managing Director, Jonathan Holmes said in a statement: “This partnership marks a turning-point in Milky Tea’s history. 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. It allows us as a team to focus on making the kind of high quality games that we’ve always dreamed of making. My ambition is to turn Milky Tea into a mini MTV meets Pixar of the Video Gaming World. The hard work starts now, as we take the studio onto the next level – our best work is definitely yet to come. With Tencent supporting us, it’s like the studio just got some rocket fuel!”
Tencent Holdings have been investing in other UK-based videogame companies, as last month Tencent announced that it had acquired a stake in Elite: Dangerous developer Frontier Developments, with Tencent purchasing a 9% state in the company.
VRFocus will bring you further news on developments within the VR industry as it becomes available.