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Chinese language tech and leisure large Tencent has upped its stake in Swords of Legends writer Wangyuan Shengtang to take management of the corporate.
As reported by South China Morning Post, the company behemoth now owns 94 per cent of the developer having snapped up 100 per cent of shares in Dongtai Yungpeng Tradition, which itself owned 43 per cent of Wangyuan Shengtang. The corporate’s Guangxi Tencent Enterprise Capital funding automobile additionally elevated its stake within the studio from 23 per cent to 31 per cent.
Lastly, Tencent additionally owned a 20 per cent stake in Linzhi Tencent Know-how, which itself owns a stake in Wangyuan Shengtang.
This all tots as much as be 94 per cent.
The developer’s CEO, Meng Xianmin, shall be retaining his place.
Wangyuan Shengtang was based in 2009 and is finest recognized for the Sword sof Legends sequence of RPGs, or Gujian, as it’s higher recognized in China. This IP is developed by Aurogon Information and Tech, a subsidiary of Wangyuan Shengtang.
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