With its announced 5% strategic investment in France’s game developer Ubisoft, Chinese Internet giant Tencent has solidified its position as one of the world’s leading purveyors of video games. Under the deal, Tencent and the Ontario Teachers’ Pension Plan committed to acquire a 5% stake and 3.4% stake of the French video game maker respectively. It marks the latest in long list of major investments in gaming by the Chinese company. Since 2005, Tencent had made roughly 35 investments and acquisitions …
Ubisoft Deal Puts Tencent Among World’s Leading Gaming Companies appeared first on China Money Network.