Tech Insider: China Literature’s Animation Acquisition, TikTok’s Indonesia E-Commerce Deal

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China Literature has agreed to buy Tencent’s animation and comics business from its former parent for 600 million yuan. Photo: VCG

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China Literature to buy Tencent’s cartoon business

China Literature Ltd., one of the country’s largest online publishing and e-book companies, agreed to buy Tencent Holdings Ltd.’s animation and comics business from its former parent for 600 million yuan ($83.9 million).

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