A PYMNTS Company

Chinese Watchdog Approves Tencent’s Studio 9 Stake Buy

 |  August 24, 2021

China’s market regulator announced on Tuesday, August 24, it has approved Tencent Holdings’  plan to purchase an equity stake in Chinese animation company Studio 9. The State Administration for Market Regulation made the announcement on its website.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Tencent, which was already an investor in Studio 9, reported its plan to purchase additional shares from another shareholder to the regulator, according to a separate statement published in June.

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.