Tencent
Japanese Game Developer Key’s Parent Company, Visual Art’s, Acquired by Tencent
July 27, 2023 – Visual Art’s, a prominent Japanese game company, made a surprising announcement today. Their long-standing president, Takahiro Machiba, declared his retirement and transferred his shares to Tencent, effectively making Visual Art’s a subsidiary of the Chinese tech giant. As part of this strategic move, the renowned “Key” brand will also fall under…
Tencent Shareholder Prosus and Parent Company Naspers to Cut 30% of Workforce
Dutch technology investment company Prosus and its South African parent company Naspers have announced that they will be cutting 30% of their workforce at their offices worldwide. This move comes as the company aims to focus on specific areas and reduce costs. A spokesperson for Prosus stated, “We are adapting to changes in the macro…