Tencent is reportedly considering withdrawing its investment in game studios such as Marvelous.

According to informed sources, Tencent Holdings is in talks to withdraw its investments in several game studios in Japan, including Marvelous Inc., which is listed in Tokyo. This is part of Tencent's reassessment of its global investment portfolio actions. The sources said that the Chinese gaming giant is evaluating its minority stakes in several studios and is prepared to sell back shares to the original management team in some cases, even if it means incurring losses. One source said that one of Tencent's criteria for exiting investments is to consider whether the expected synergies with portfolio companies have disappeared. Due to the discussion of undisclosed matters, the sources requested anonymity. Tencent stated in a declaration that electronic games are its core business and the company will continue to work closely with our investment partners and maintain a strong presence in the Japanese gaming market in the long term.