A teenage girl plays the video game Fortnite, on an Apple iPhone X in Billerica, Massachusetts, on August 24, 2020. Tencent owns nearly half of Epic Games, an investment now facing scrutiny in the US. Photo: EPA-EFE A teenage girl plays the video game Fortnite, on an Apple iPhone X in Billerica, Massachusetts, on August 24, 2020. Tencent owns nearly half of Epic Games, an investment now facing scrutiny in the US. Photo: EPA-EFE
A teenage girl plays the video game Fortnite, on an Apple iPhone X in Billerica, Massachusetts, on August 24, 2020. Tencent owns nearly half of Epic Games, an investment now facing scrutiny in the US. Photo: EPA-EFE
Tencent
Tech /  Big Tech

Tencent’s video game investments pick up under pressure from TikTok owner ByteDance

  • Tencent has already invested in 62 video game start-ups this year, double the number for all of 2020, as it buys up competition and wards off ByteDance
  • Tencent, the world’s largest gaming company by revenue, has been facing increasing scrutiny of its investments at home and in the US

Topic |   Tencent
Josh Ye
Josh Ye

Updated: 12:33pm, 2 Jul, 2021

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A teenage girl plays the video game Fortnite, on an Apple iPhone X in Billerica, Massachusetts, on August 24, 2020. Tencent owns nearly half of Epic Games, an investment now facing scrutiny in the US. Photo: EPA-EFE A teenage girl plays the video game Fortnite, on an Apple iPhone X in Billerica, Massachusetts, on August 24, 2020. Tencent owns nearly half of Epic Games, an investment now facing scrutiny in the US. Photo: EPA-EFE
A teenage girl plays the video game Fortnite, on an Apple iPhone X in Billerica, Massachusetts, on August 24, 2020. Tencent owns nearly half of Epic Games, an investment now facing scrutiny in the US. Photo: EPA-EFE

Corrected [12:26pm, 2 Jul, 2021]

  • [12:26pm, 2 Jul, 2021]

    This article originally stated that Tencent had made no US investment this year when in fact they had made one.

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