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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. ....

Hong Kong , Zhou Xiaonan , China Literature Limited Yuewen , China Literature , Literature Limited , Tencent Animation , Fox Spirit Matchmaker , Frankfurt Book Fair , Tencent Comics , Digital Comic News ,

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. ....

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China Literature Buys Tencent Animation and Comics

China Literature Buys Tencent Animation and Comics
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Zhou Xiaonan , Ruediger Wischenbart , China Literature , Tencent Animation , China Economic Review , Fox Spirit Matchmaker , Tencent Picture Joy , Frankfurt Book Fair ,

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… ....

Zhou Xiaonan , Tencent Holdings , China Literature , Tencent Animation ,

China Literature Shares Gain on Tencent Deal, Buyback Plan

By Jiahui Huang China Literature's shares rose sharply Tuesday on news of a share buyback and plans to acquire Tencent's animation and comics unit, a deal it. ....

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