Overview
- Bloomberg reported on June 23, 2026 that Tencent is negotiating exits from several minority investments in Japanese game studios, with Marvelous named as a firm under review.
- Sources quoted by the reporting say Tencent may sell stakes back to studio management in some cases and is prepared to accept losses to speed those exits.
- Tencent issued a statement saying video games remain core to its business and that it is committed to working with its investees and keeping a long-term presence in Japan.
- The company is said to be refocusing capital toward artificial intelligence, user-generated-content platforms, and closer co-development models that give Tencent a more active production role.
- Tencent's stakes in high-performing partners such as FromSoftware, PlatinumGames, and Kadokawa are reported to be unaffected, and the change follows a wave of investments the company made in Japanese studios from 2020 onward.