default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Tencent to Acquire Stake in Japanese Media Firm Kadokawa

Tencent headquarters in Shenzhen, China. Tencent.

The Chinese tech giant, which operates super app WeChat, will take on a 6.86 percent stake in media conglomerate Kadokawa for $264 million in a deal that will take place between Nov. 15 and 26, Kr Asia reports.

Kadokawa owns intellectual property across categories like books, films, anime, and video games. It also runs Niconico, a streaming platform that inspired China’s online Gen-Z video hub, Bilibili.

The move, which will see Tencent become Kadokawa’s third largest shareholder, is the former’s attempt to grow its global footprint as Beijing increases its scrutiny over China’s tech and gaming sectors. According to data firm Niko Partners, Tencent closed 51 gaming-related deals as of May 10, 21 of which were with overseas firms.

Learn more:

How Worried Should Fashion Brands Be About China’s Tech Crackdowns?

Experts say that a slew of new regulations spanning livestreaming, anti-trust and data collection could actually be an opportunity for fashion and beauty brands to reduce their reliance on giants like Alibaba.

In This Article
Topics
Organisations

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from China
Go inside the opaque giant that accounts for one-third of global luxury sales.


While travel to Europe remains muted, Chinese shoppers are flocking to Singapore, Thailand and other Southeast Asian destinations where fashion retailers are hoping Lunar New Year marketing investments will pay off.


Local fashion designers experimenting with puffers and other down clothing have scored collaborations with outerwear companies like Moncler and attracted the attention of prominent international retailers like H.Lorenzo.


view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
BoF Professional - How to Turn Data Into Meaningful Customer Connections
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
BoF Professional - How to Turn Data Into Meaningful Customer Connections