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Tencent Moves to Sell Some Japanese Game Stakes and May Accept Losses

The company is reallocating capital toward AI as it reassesses lower‑performing gaming investments.

Overview

  • Bloomberg reported Tuesday that Tencent is preparing to exit several minority investments in Japanese game studios and is lining up sales of stakes back to original management.
  • The only studio named in the report is Marvelous, in which Tencent owns about 20 percent, and sources say Tencent could sell that stake even at a financial loss.
  • Tencent told Bloomberg that video games remain core to its business and that it stays committed to the Japanese market, a statement that leaves planned exits unconfirmed until deals are announced.
  • Investments in FromSoftware, PlatinumGames and Kadokawa are reported to be unaffected, while separate reports earlier this month flagged French developer Don't Nod as at risk if Tencent reduces backing.
  • The move follows a broader downturn in game sales and an industrywide push into AI, and it could force affected studios to seek new financing or regain full independence from Tencent support.