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04-Sep-2017 17:38

Tencent has announced a partnership with Nintendo to publish its widely popular game Honor of Kings (King of Glory) into Nintendo Switch, causing Nintendo's stock to hit a 9-year-high, as well as to create and sell a line of merchandise (from clothing to accessories to other products), based on Tencent's games and intellectual properties.

Aside from Wuhu, another e Sports theme park has been planned in paying cash and handing over its e-commerce businesses Paipai, QQ Wanggou and a stake in Yixun to to build a stronger competitor to Alibaba Group.On October 16, 2014, via its wholly held subsidiary Hongze Lake Investment Ltd, Tencent announced that it had bought a 7% stake in lottery technology firm China Lot Synergy Holdings Ltd for HKD 445.5 million (USD 57.4 million).Tencent previously had a 15.68% stake in the company and raised the stake through a USD 46.98 million investment.