Tencent says it remains committed to Japan gaming market amid report of Japan studio stake sales

Market sources said Tencent Holdings is negotiating the sale of minority stakes in several Japanese game developers, including Tokyo-listed Marvelous. Tencent acquired a 20% stake in Marvelous for around seven billion yen ($43 million) in 2020, becoming its largest shareholder. In response, Tencent said: “Gaming remains one of Tencent’s core businesses.