China Digest: Tencent acquires Byment; Jabrehoo raises $14m Series B

FILE PHOTO: WeChat mascots are displayed inside Tencent office at the TIT Creativity Industry Zone in Guangzhou, China May 9, 2017. REUTERS/Bobby Yip/File Photo

Tencent is close to complete the acquisition of a majority equity interest in Byment, while genetic technology firm Jabrehoo has raised nearly 100 million yuan ($14 million) in a Series B round of financing.

Tencent to acquire majority stake in animation firm Byment

Tencent is close to completing the acquisition of a majority equity interest in Byment, a Chinese provider of animation creation and production services, said the company in a WeChat post on August 9.

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