Tencent will be the largest shareholder in Japan’s Marvelous game company
The game company behind the most popular battle royale game-PUBG is buying about 20% stake in Japan’s Marvelous.
According to a report by Bloomberg, Tencent will invest about 7 billion yen( $65 million) in this Japanese company.
Hideki Yasuda, an analyst at Ace Research had to say the following about this subtle investment from the Chinese gaming giant.
Tencent’s reason for the investment is probably to learn how to make console games from Japanese companies, one of the last frontiers for the Chinese tech company’s game business.
The investment will help Marvelous ride through the period of global economic uncertainty, and release more of its domestically-popular titles to the Western market
Marvelous has plans to use this investment to develop new games from their franchises, as well make develop entirely new ones as well over the course of the next three years or so.
What are your thoughts about this recent investment from Tencent? Tell us in the comments down below.
Shreyansh Katsura
Author of "The Many Realities of That Rainy Summer", Shrey can usually be found making coffee in Red Dead Redemption 2.
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