Tencent acquired Kokawa, Japan with a big purchase of 1.7 billion yuan
$TENCENT (00700.HK)$ Tencent announced it would buy a 6.86 percent stake in Japanese publishing company Kadokawa for 30 billion yen (1.741 billion yuan), making it the third largest Shareholder.
It is understood that Kaokawa is a famous publishing giant in Japan, and many of its animation, film and television and game products are popular. Representative products include Niconico, a video sharing website, copyright of animation works such as Sword Realm, Wolf and Spice, Life in a Different World from Scratch, and Black Soul series games.
In this way, Tencent continues to overweight ACG, comics and video games, and expand its media investment territory.
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