Tencent Holdings increases stake in Studio 9

In a statement China’s market regulator said, it has approved Tencent Holdings’ plan to purchase an equity stake in Studio 9, a Chinese animation company.

China’s State Administration for Market Regulation made the announcement on its website.

Tencent, which already had a stake in Studio 9, increased it after buying shares from another shareholder said the regulator.

The statements did not give financial details of the deal.

Categories: Creativity, Entrepreneurship, HR & Organization, Strategy

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