Europeans get ready! Chinese giant Tencent plans will take over gaming companies instead of investing

Chinese corporation Tencent, which owns a stake in many major game companies, is changing its business strategy.

As reported by Reuters sources, the Chinese will abandon large investments in favor of a full takeover of the studios and publishers. The reason for this was the slowdown in profits Tencent. Moreover, it was decided to pay special attention to the purchase of European studios, because the Chinese corporation considers them to be the most promising.

Flashback

Tencent is already the sole owner of Riot Games, Funcom and Sharkmob. Chinese holding company spent billions of dollars to acquire stakes in more than 800 companies, including such giants as Epic Games, Activision Blizzard, Ubisoft, Krafton, PlatinumGames, FromSoftware, Marvelous and Paradox Interactive.