Tencent Holdings, which runs the world’s largest video gaming business by revenue, completed its US$1.3 billion takeover of Leyou Technologies in December last year. Photo: AP
Tencent Holdings, which runs the world’s largest video gaming business by revenue, completed its US$1.3 billion takeover of Leyou Technologies in December last year. Photo: AP
Tencent

Analysis |
Why Tencent spent US$1.3 billion to buy video gaming firm Leyou, but left it to languish

  • Eight months after Tencent’s acquisition, Leyou is mired in cancelled projects and hobbled by an exodus of employees
  • Tencent is said to be particularly interested in one Leyou investee company, American developer Certain Affinity

Tencent Holdings, which runs the world’s largest video gaming business by revenue, completed its US$1.3 billion takeover of Leyou Technologies in December last year. Photo: AP
Tencent Holdings, which runs the world’s largest video gaming business by revenue, completed its US$1.3 billion takeover of Leyou Technologies in December last year. Photo: AP
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