Online publisher China Literature to buy Tencent Animation and Comics for $83.6m

Online publisher China Literature to buy Tencent Animation and Comics for $83.6m

FILE PHOTO: A man walks outside the Tencent headquarters in Nanshan district of Shenzhen, Guangdong province, China September 2, 2022. REUTERS/David Kirton

China Literature Ltd, the country’s largest online publishing and e-book company and a spinoff of Tencent Holdings Ltd., agreed to buy the animation and comics business from its controlling shareholder Tencent for 600 million yuan ($83.9 million).

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