Internet giant Tencent Holdings has forged a strategic alliance with Japanese game company Square Enix to develop original games as the Chinese company continues its overseas expansion amid a regulatory crackdown at home.
The two companies will jointly develop so-called AAA titles, games with the highest budgets and marketing resources, based on original intellectual property, Tokyo-based Square Enix said on Thursday. The alliance will include the establishment of a new joint venture between the partners as well as cross licensing of existing intellectual properties.