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Tencent is perhaps more famous in the west for buying up chunks of the game industry than it is for making games. Founded in 2003, it owns 100 per cent of Riot Games, an undisclose­d minority stake in Activision Blizzard, a five per cent stake in Ubisoft, 11.5 per cent of PUBG maker Bluehole and 40 per cent of Epic Games, to name just a few of the big hitters within its portfolio. It’s already a big name in battleroya­le gaming, then, albeit one mentioned far more in investor calls than conference streams – and is an attractive partner for any company looking to break into China, where games can only be officially released through a native company.

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