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Tencent Tops Video-Game Deal-Making Leaderboard

A cellphone user plays Tencent Holding Ltd.’s “PlayerUnknown’s Battlegrounds.” Photo: IC
A cellphone user plays Tencent Holding Ltd.’s “PlayerUnknown’s Battlegrounds.” Photo: IC

Tencent Holdings Ltd. was the world’s biggest investor in video game companies in the 12 months ending March 31, an industry report said.

“Tencent led or participated in over $4 of every $10 invested in games companies worldwide” in the period, a report from Digi-Capital said Wednesday.

Tencent operates the world’s largest games business by revenue, thanks to its position in China, which according to data from consultancy Newzoo is the world’s top video-games market with estimated sales of $32.5 billion last year.

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