Tencent completed the acquisition of 14.6% stake in MD Pictures.

Tencent Holdings, an internet giant, completed the acquisition of 14.6% stake in MD Pictures, a movie production house. Financial terms were not disclosed. “We enthusiastically welcome Tencent as a new investor in FILM. This investment reflects their continued commitment to cutting-edge technology and content companies globally,” Manoj Punjabi, MD Pictures Founder & CEO.