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Tencent acquisition

Tencent to Acquire China Music Corporation

Jul 15, 2016 08:14 AM EDT

China's Internet conglomerate Tencent Holdings is set to become a majority stakeholder in one of China's leading music streaming companies, a move that will make Tencent a dominant player in China's lucrative music streaming industry.

Video Game Might be China’s Next Biggest Cultural Export

Phenny Lynn Palec |

Jul 12, 2016 04:45 PM EDT

When Tencent announced its acquisition of the Finnish video game developer, Supercell for a record-breaking $8.6 billion, the Chinese tech giant instantly became the world's biggest publisher and distributor in the gaming market which is worth $100 billion. Following the acquisition. Considering the scope of the two companies, many market analysts agree that video games are poised to become China's biggest cultural export.

Tencent is Looking for Co-Investors in Supercell Buyout

Phenny Lynn Palec |

Jul 06, 2016 12:21 PM EDT

Chinese tech giant Tencent is reportedly looking for interested investors to fund its $8.6 billion acquisition of Finnish game developer Supercell. Inside sources have revealed that there are ongoing talks with possible investors including China Investment, Hillhouse Capital Group, and Canada Pension Plan Investment Board.

Supercell Becomes Europe’s First Decacorn Following Acquisition by China's Tencent

Phenny Lynn Palec |

Jun 27, 2016 08:34 AM EDT

Chinese investment giant Tencent Holdings Limited has confirmed that it has acquired a majority of the stakes of Supercell, a mobile game development company based in Finland which is famous for developing the mobile game Clash of Clans.