Asia-Focus . Media . Industry Publication

July 14, 2020

Tencent's Shenzhen office
Tencent's Shenzhen office

Tencent Bid To Expand Gaming Outside China And Gain Foothold In Cryptocurrency Industry

Tencent Mulling Bid for Owner of Bitstamp & Korbit Reuters reports that Tencent is actively pursuing co-investors to purchase the South Korea-based NXC Corp, the company behind gaming firm Nexon. Kim Jung-ju reportedly wants to sell a 98.64 percent share in the company that he co-founded in 1994. That stake, which is held by Kim and his wife, is worth an estimated…

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