China's 'Amazon' Gets More Animated With Purchase From Tencent - iQIYI (NASDAQ:IQ), Bilibili (NASDAQ:BILI)
Key Takeaways: China Literature’s acquisition of Tencent’s comics and animation unit brings all of the latter’s long-form print and filmed entertainment assets under one roof Tencent has been unloading loss-making businesses amid an ongoing crackdown on anti-competitive practices in China’s tech sector
Source: benzinga.com