China gaming giants Tencent, NetEase invest in foreign studios


Source: thestartmagazine.com thestartmagazine.com

Key Topics in this News Article:

News Snapshot:

By Josh Ye, Tassilo Hummel and Sam Nussey HONG KONG/PARIS (Reuters) -Chinese gaming giants Tencent Holdings and NetEase have extended their investment in overseas studios, with the former to take a stake in Japan's FromSoftware and the latter acquiring French developer Quantic Dream. Tencent, operator of the WeChat messaging app and the world's largest gaming company by revenue, will take a 16.25% stake in FromSoftware Inc, the developer behind hit action game "Elden Ring", parent Kadokawa Corp said on Wednesday. The investments by Tencent and Sony Group Corp, which Kadokawa said is also taking a minority stake, will together raise...