Tencent has followed its series A investment in the comics and animated content producer last year by acquiring a majority share in the company.
Internet group Tencent has agreed to pay an undisclosed amount for a majority stake in one of its portfolio companies, China-based animation and comic producer Byment, it revealed on Sunday.
Founded in 2016, Byment initially concentrated on digital comics, with its lead title based on 16th century Chinese novel Journey to the West.
The company has since branched out into computer generated animation headed by an animated version of Journey to the West with Tencent’s support, in addition to publishing…
