Tencent's e-publishing spin-off China Literature buys Chinese production company New Media Classics for $2.2B-$2.3B (Ingrid Lunden/TechCrunch)

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Ingrid Lunden / TechCrunch:

Tencent’s e-publishing spin-off China Literature buys Chinese production company New Media Classics for $2.2B-$2.3B  —  As the consumer appetite for digital entertainment in China continues its rapid growth, two companies are combining forces to step up their game in the space.





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