#Tencent Holdings Limited #Perfect World Co., Ltd.  #Technology #Asia Pacific

MIH Acquires Brazil's Largest Online Game Company; Tencent May Indirectly Enter Latin America

Source (Chinese): Donews - about 1 year ago

• A source disclosed that Myriad International Holdings (MIH), Tencent's largest shareholder, has completed the acquisition of Brazil's online game operator Level Up.
• It was said that Level Up is the largest online game operator in Brazil. Previously, both Tencent and Perfect World had made contact with the company.
• It is believed that the acquisition will be helpful for Tencent to enter the Latin America market.