Tencent Holdings is reportedly in discussions to reduce or exit several minority investments in Japanese video game developers, including Tokyo-listed Marvelous Inc. Multiple outlets, citing people familiar with the matter and reporting by Bloomberg, say Tencent is negotiating to unwind part of its earlier investments as it reassesses its global games portfolio. The talks are described as focusing on stakes held by Tencent in Japanese studios rather than a broader plan to leave Japan entirely.
TechNode adds that market sources tie the reported stake sales to Tencent’s broader business priorities, including increased emphasis on artificial intelligence amid competition with other Chinese tech firms. It also notes Tencent acquired a 20% stake in Marvelous in 2020 for about seven billion yen (around $43 million), making it the largest shareholder.
In response to the reporting, Tencent says gaming remains a core business and that it will continue to invest. The outlets do not provide details on whether an agreement has been reached, the scope of any divestments, or the timing of potential sales.
