Tencent Acquires 28% Stake In South Korea’s CJ Games For $500M

Tencent, the maker of WeChat, has announced that it will pay $500 million for a 28% stake in CJ Games. The transaction will make Tencent the third-largest investor in the South Korean gaming company and help it expand its mobile gaming business worldwide. Tencent is currently China's largest integrated online game company. Read More