Trust is fundamental to the success of online platform businesses, especially during crises. When China reopened from its ...

Chinese automaker Chery Automobile is reviving its iconic QQ compact car, which was first introduced in 2003. Known for ...

Some Ubisoft shareholders want the company to renegotiate its recent deal with Tencent, expressing concerns over unclear benefits. Assassin's Creed Shadows has been one of the best-selling games ...

Related reads:Embattled Ubisoft Forms Subsidiary for IPs Like Assassin's Creed, Far Cry and Rainbow Six With the Help of €1.16 Billion Tencent Investment Tencent recently invested €1.16 ...

Ubisoft has announced a new mega-deal with Tencent; the Chinese firm invested roughly $1.2 billion into a new Ubisoft subsidiary in exchange for 25% of stake in the group. The internal memo from ...

Ubisoft’s Assassin’s Creed, Rainbow Six, and Far Cry franchises are now part of a separate company, jointly owned by Tencent. Thanks to the rather dismal 2024 that Ubisoft had, the company was ...

Ubisoft shares rose more than 10 per cent on Friday (Mar 28) after the French video game maker announced plans to set up a subsidiary in which Tencent will invest €1.16 billion.

More interestingly, this initiative is supported by a €1.16 billion investment from Chinese conglomerate Tencent, which will acquire a 25% minority stake in the new entity. The France-based ...

The deal, unveiled this week, includes a $1.25 billion investment from Tencent for a 25% minority stake in the new subsidiary. The subsidiary will also have its own board of directors and a ...

Chinese gaming studio Tencent is investing about 1.16 billion Euros (Approximately 1.3 billion USD) for a 25 per cent stake in a subsidiary unit of Ubisoft, reported The Verge. This spin-off entity ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chinese technology giant Tencent is taking a €1.2bn stake in a new spin-off from Ubisoft, as the ...

Chinese tech giant Tencent Holdings (TCEHY) has snapped up a 25% stake in the carved-out gaming unit of Ubisoft Entertainment (UBSFY). Tencent is investing $1.25 billion in the unit, which is ...