A strategic change of course for Tencent. The Chinese group, the world’s number one in video games, is known for multiplying minority stakes in a number of Western development studios. Between 2015 and 2020, it completed nearly 100 operations outside of China, worth just over $30 billion. But according to Reuters, Tencent intends to move with speed and no longer be a simple passive investor.
Now his goal is to become the owner or major shareholder of gaming companies outside of China, and especially in Europe. These could be game development studios, metaverse-related technologies, or companies that Tencent has already invested in and wants to strengthen.
The hardened Chinese market
These movements have started. In June, Tencent, through its European subsidiary Miniclip, acquired the Danish studio Sybo Games, which created Subway surfers, the world’s most downloaded mobile game. Last year he became…
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.