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In 2020, Tencent Holdings went on an acquisition spree, securing more deals than any other studio. According to the research data analyzed and published by Safe Betting Sites , Tencent had invested in 31 gaming companies, four times higher than in 2017 ...
news Tencent feels heat from gaming rivals Alibaba, ByteDance and Genshin Impact maker miHoYo Josh Ye josh.ye@scmp.com A Tencent Games logo from an app is seen on a mobile phone in this illustration picture taken November 5, 2018. Photo: Reuters Tencent Holdings, the world's largest video games company by revenue, saw remarkable growth in 2020, but it now finds itself on the defensive, trying to tap into new gaming genres as large tech rivals and gaming upstarts chip away at its empire. The Shenzhen-based company, which gets a third of its revenue from gaming, invested in 29 ...