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China Literature Gets More Animated With Purchase From Tencent (CHLLF)

China Literature Gets More Animated With Purchase From Tencent (CHLLF)
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China s Amazon Gets More Animated With Purchase From Tencent - iQIYI (NASDAQ:IQ), Bilibili (NASDAQ:BILI)

Key Takeaways: China Literature’s acquisition of Tencent’s comics and animation unit brings all of the latter’s long-form print and filmed entertainment assets under one roof Tencent has been unloading loss-making businesses amid an ongoing crackdown on anti-competitive practices in China’s tech sector

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