distributions

Lenovo, Tencent 40% Owner Of Epic Games Shares Fall In Hong Kong Stock Debacle

Lately, Tencent has levelled up its gaming arm with domestic and overseas expansions. Notably, the Chinese behemoth bought British game developer Sumo in a $1.27bn deal in July. The list of game developers that are wholly or partially owned by Tencent includes Riot Games, Epic Games, Dontnod, Activision Blizzard, Ubisoft and Paradox. The Financial Details Each day, a newspaper affiliated with Xinhua, China’s official news agency and the principal mouthpiece of the Chinese Communist Celebration, attacked the country’s gaming sector in an short article published on Tuesday morning. Coming amid the government’s ongoing crackdown on the tech business, the article...