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Tencent invested in Activision Blizzard as a minority investor with 5% in 2013, when the holding company bought itself from the Vivendi conglomerate which was part of it since 2008. [227] [228] Tencent's Sumo Group subsidiary wholly owned Pipeworks Studios until it was sold to Jagex for an undisclosed sum in July 2022. [229]
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The US has added several Chinese technology companies, including gaming and social media giant Tencent and battery maker CATL, to a list of businesses it says work with China's military.
The company was named Snapchat Inc. at its inception, but it was rebranded Snap Inc. on September 24, 2016, in order to include the Spectacles product under the company name. [12] Snap is co-owned by Tencent (which holds a 45.43% stake) and NBCUniversal, a division of Comcast (whose stake is undisclosed).
Tencent shares in Hong Kong dropped by around 7.3% on Tuesday, following news that the Department of Defense included the tech giant on a list of “Chinese military companies.”
Tencent's Hong Kong-traded shares fell 7.3% on Tuesday and the company said it would “initiate a reconsideration process to correct this mistake,” seek talks with the U.S. Defense Department ...
Tencent Pictures (simplified Chinese: 腾讯影业; traditional Chinese: 騰訊影業; pinyin: téng xùn yǐng yè) is a Chinese film distributor and production company owned by Tencent. It has created films based on books , manhua , donghua and video games .