Out With The Old… Tencent Sells App Store To Huya
Huya is looking to use the APKpure acquisition to better promote and distribute games internationally • Tencent is eager to divest non-core businesses as the…
Source: biztoc.com
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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
China Literature Takes Over Tencent Comics in $84 Million Mega-Deal
China Literature Limited (Yuewen in Chinese) acquired Tencent Animation and Comics for 600 million yuan ($84 million) on Monday, 11 December 2023.
Source: goodereader.com
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.
Source: awn.com
China Literature buys Tencent animation and comics business
China Literature, the country’s largest online publishing and e-book company and a spinoff of Tencent Holdings, agreed to buy the animation and comics business from its controlling shareholder Tencent for RMB 600 million ($83.9 million), reports Caixin. Tencent Animation and Comics has been making a loss for the past two years, losing RMB 190 million…
Source: chinaeconomicreview.com