Video game publisher and anime producer Marvelous! has announced via a press release that Chinese company Tencent Holdings Ltd. is purchasing a 20% stake in the Japanese company for JPY 7 Billion, through Tencent’s wholly-owned subsidiary Image Frame Investment (HK) Limited.
Marvelous! and Tencent already has an existing partnership in the form of the popular mobile game “Story of Seasons”. Marvelous! plans to use the funds for further development of existing game franchises, as well as launching new titles over the course of three years.