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Tencent is with 22 000 employees the fastest growing gaming company, Dean Takahashi VentureBeat

Tencent is with 22 000 employees the fastest growing gaming company, Dean Takahashi VentureBeat | Poker & eGaming News | Scoop.it

Tencent has become the largest gaming company in China. The integrated Internet-services company is the gateway to the online world for hundreds of millions of Chinese, and its market value is $52 billion, not far from Facebook’s value of $60 billion. Tencent is a little like what you would get if you combined Aol, Facebook, Skype, Yahoo, Gmail, Norton, and Twitter under one roof.

 

China has a ton of online gamers, and its Internet penetration is only about 40 percent, compared to 70 or 80 percent in developed markets. Tencent could easily grow more in the China, but it has been investing in Western game companies in recent years.

 

The company bought majority control of Riot Games last year for about $400 million, and it recently invested an undisclosed amount in Epic Games, the maker of the Unreal Engine and the Gears of War series.

 

Tencent has 22 000 employees.

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China’s Tencent nabs a minority stake in Epic Games, Devindra Hardawar at VentureBeat

China’s Tencent nabs a minority stake in Epic Games, Devindra Hardawar at VentureBeat | Poker & eGaming News | Scoop.it

Tencent has made a strategic minority investment in Epic and had already a preexisting relationship with Epic as a licensee of its Unreal Engine, the most popular 3D gaming engine on the market. The deal is expected to close within one month. Terms were not disclosed.

 

The investment follows Tencent’s $400 million investment in Riot Games last year, a U.S.-based online game company.

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Take-Two aims big in China with free-to-play game with Tencent, Dean Takahashi at VentureBeat

Take-Two aims big in China with free-to-play game with Tencent, Dean Takahashi at VentureBeat | Poker & eGaming News | Scoop.it

 

Take-Two Interactive has launched its big online-games experiment in China today with the public beta test of its free-to-play NBA 2K Online game on the Tencent Games portal.

 

Tencent has hundreds of millions of users for its QQ social network, and it has been working closely with a variety of U.S. game companies. The company invested in Epic Games recently and bought a controlling stake in Riot Games, maker of the popular League of Legends online game.

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