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China Ruyi Holdings, a Chinese online film and gaming company whose investors include Internet giant Tencent, said it had raised HK$4 billion, or about $511 million, through the sale of new shares.
Dec 7, 2023 · The planned purchase by China Ruyi gives the Tencent-backed media and entertainment company control of Wanda Film after it acquired 49 percent of Beijing Wanda Investment from Wanda Group for RMB 2.26 billion ($320 million) in July.
Jan 20, 2021 · Tencent's acquisition of Leyou effectively means Tencent is now the owner of Digital Extremes, Splash Damage, and the intellectual property of Telltale Games.
Dec 6, 2023 · The deal came after a separate firm controlled by China Ruyi agreed in July to buy a 49 per cent stake in Beijing Wanda Investment for 2.26 billion yuan from Beijing Wanda Cultural Industry...
May 8, 2024 · Ruyi has a close relationship with Tencent. The internet titan is its second-largest shareholder with a stake of nearly 22 percent. Tencent is also Ruyi’s No. 2 customer, providing 15.4 percent of its revenue last year.
Jul 5, 2023 · Tencent-Backed Ruyi Raises $511 Million, Eyes China Film And Gaming Growth. Tencent owns about a fifth of Ruyi
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Tencent later announced too its intention to take DouYu private, in part due to the unsuccessful merger, but also due to lacklustre business performance and disagreements over strategy among company executives. Tencent is currently the largest stakeholder in DouYu with a 37% stake.
