Chinese firm expands foothold in Europe

Tencent takes majority stake in Miniclip

Chinese mobile and web game giant Tencent is now in control of Swiss game company Miniclip.

VentureBeat reports that the deal will expand Tencent’s ever-increasing presence in the European market. It already owns a majority stake in League of Legends creator Riot Games and a minority stake in Epic. It is also an Activision investor.

The Chinese outfit, despite being an unfamiliar name to many in the West, is actually the biggest games company in the world.

MCV has the full story.

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