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China Literature to Acquire Tencent Animation and Comics

The leading online Chinese literature and IP incubation platform will acquire Tencent’s APP platform, intellectual property rights, and related rights to its content (animation, film and TV series projects) in a deal worth more than US$83 million. 

China , Hou-xiaonan , China-literature , Tencent-holdings , Literature-limited , Tencent-animation , Tencent-holdings-limited , Fox-spirit-matchmaker , Fox-spirit-matchmaker-yuehong , Chief-executive-officer , Business , Cquisitions

Tencent sells loss-making animation and comic business to subsidiary China Literature in latest consolidation move

Tencent has offloaded its loss-making animation and comics business to its China Literature subsidiary as the country’s largest social media and video gaming company slashes more noncore operations.

China , Beijing , Japan , Japanese , Chinese , Hou-xiaonan , Tencent-animation , China-literature , Tencent , Hina-literature , Nimation

Tencent's Profits Surge to $35 Billion Despite 'Challenging Year'

Net profits at Tencent climbed by 41% to $35 billion at Tencent, China’s social media,...

China , Chinese , Tencent-hong-kong , Hong-kong , Tencent-music , Southeast-asian , Ea- , Ong-kong , Outheast-asian , Encent , Pmorgan