Business, Software

Tencent Makes USD143 Million Strategic Investment In Seasun

Tencent has made a USD143 million strategic investment in the Chinese leading gaming company Seasun.

On the completion of the transaction, Tencent will own over 90 million Seasun shares, accounting for 9.9% of the total issued shares of the company.

Based on the cooperation agreement signed by the two parties, if Seasun decides not to publish and operate its new games by its own, Tencent will enjoy the exclusive priority to publish and operate the Simplified Chinese version of those new games in mainland China. If Seasun plans to sell its game-related intellectual properties, Tencent will have the priority purchase rights under the same conditions.

Seasun has operated for more than 20 years in the gaming industry and it has developed into a digital interactive entertainment company; while Tencent's position in the game distribution sector is unshakable. The cooperation between the two parties is a strong combination.

Zou Tao, chief executive officer of Kingsoft and Seasun, said that as a shareholder of Kingsoft, Tencent played an irreplaceable role in Kingsoft's network security business. With Tencent's strategic investment in Seasun, their cooperation will be further enhanced.

Ma Xiaoyi, senior vice president of Tencent, said that Tencent and Seasun are highly complementary in gaming businesses. They hope that Seasun can create more quality games with the help of Tencent's platform.

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