(Yicai) Mobile game vendor Tencent Holdings invested in at least one gaming company every seven days to keep off competitors.
The Chinese internet giant, which ranks as the world’s largest mobile game vendor, put money in 27 gaming companies in total in the first half of the year.
Analysts say Tencent’s latest round of investment is defensive as the company tries to keep off competitors that include ByteDance and Alibaba.
Tencent is keen on expanding its product lines with focus on a variety of game developers to eliminate the emergence of new gaming giants.
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