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Tencent is buying 20% stake in Marvelous

News has emerged this morning from Bloomberg that Chinese firm Tencent is buying a 20 percent stake in Japanese developer Marvelous. Marvelous is behind recent hits like Daemon X Machina and Story of Seasons on Nintendo Switch. The move will give Marvelous more company capital to develop its game franchises. This in turn will boost Tencent’s profile and its existing in-game offerings. Bloomberg says that “Marvelous plans to use the money to build out its existing game franchises and launch new ones over the next three years.”

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