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
Tech /  Policy

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

Josh Ye
Josh Ye

Updated: 9:08pm, 22 Aug, 2021

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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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