Market sources said Tencent Holdings is negotiating the sale of minority stakes in several Japanese game developers, including Tokyo-listed Marvelous. Tencent acquired a 20% stake in Marvelous for around seven billion yen ($43 million) in 2020, becoming its largest shareholder. In response, Tencent said: “Gaming remains one of Tencent’s core businesses. We will continue to fully support our portfolio companies and maintain a long-term commitment to the Japanese gaming market through ongoing attention and investment.” [Jiemian, in Chinese]
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