Tencent completed the acquisition of an additional 5% stake in Century Huatong for $429m.

Tencent completed the acquisition of an additional 5% stake in Century Huatong, a developer of internet games, for $429m, becoming the second-largest shareholder in the company with total holdings of c. 10%. The bolstering of its stake in Century Huatong comes only three days after Tencent was fined $76k following an anti-monopoly investigation by the State Administration of Market Supervision.