Tencent forms China venture with Hollywood talent agency WME-IMG, Sequoia Capital

Tencent forms China venture with Hollywood talent agency WME-IMG, Sequoia Capital

A man uses a mobile phone in front of a logo of Tencent. REUTERS/KIM KYUNG-HOON

Tencent Holdings Ltd., Asia’s biggest Internet company, is forming a joint venture with the Hollywood superagency William Morris Endeavor and Sequoia Capital to develop sports and entertainment businesses in China.

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