Archive — CN — technode
Tencent says it remains committed to Japan gaming market amid report of Japanstudio stake sales
Tencent reaffirms its commitment to the Japanese gaming market despite reports of selling minor stakes in local developers. This includes its 20% stake in Marvelous, which it acquired in 2020. Tencent emphasizes its intention to support its investments and foster growth in Japan's gaming sector.
Key points
- Tencent Holdings is negotiating the sale of minority stakes in various Japanese game developers, including Marvelous.
- In 2020, Tencent acquired a 20% stake in Marvelous for approximately 7 billion yen ($43 million), becoming the largest shareholder.
- Despite the stake sales, Tencent insists on its ongoing support for portfolio companies and commitment to the Japanese gaming market.
Why it matters
- The ongoing evolution of China's investment strategies in foreign gaming markets as part of broader economic trends.
- Growing integration of global gaming markets post-pandemic as developers seek international partnerships and investment.
Tencent's commitment to the Japanese gaming market highlights its strategy to secure a foothold in global markets, illustrating the ongoing expansion and influence of Chinese companies in the gaming industry.