Tencent Holdings Ltd. said it plans to invest RMB3 billion (US$474 million) in Chinese online gaming firm Shanda Games in exchange for an undisclosed stake in the target company, according to an official announcement. The deal, the latest gaming acquisition made by Tencent after its US$8.6 billion takeover of Finnish mobile game developer Supercell in 2016, is a continuation of Tencent’s aggressive buying spree that saw the firm inking over 600 investments in the past six years. Tencent already owns …

Tencent Injects $474M In Chinese Gaming Firm Shanda Games appeared first on China Money Network.