Tencent has increased its holdings in two well-known overseas well-known game companies in eight days

$Tencent (TCEHY.US)$ ‘s recent moves in overseas markets have attracted significant attention. In just eight days, Tencent has increased its holdings in two well-known overseas well-known game companies, From Software, a unit of Japanese-listed Kadokawa Group, and $UBISOFT ENTERTAINMENT UNSP ADR EACH REPR 1/5 ORD (UBSFY.US)$, a French game developer.

Several game industry analysts said that Tencent‘s move is aimed at least two main purposes. The first is to enable itself to better participate in overseas market competition, improve its ability to develop 3A grade works, as well as to lay the foundation for the metaverse. The second is to introduce well-known IP to the domestic market as new revenue growth points. Classic titles like Ubisoft’s Prince of Persia and Assassin’s Creed are also expected to enter the Chinese market.