China Literature Gets More Animated With Purchase From Tencent (CHLLF) seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
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