In 2017, there was a rumor that Tencent would become a shareholder of Jedi Survival developer Landong Company, but the event later evolved into that Tencent obtained the legitimate authorization of Jedi Survival and issued two authentic mobile games of Jedi Survival.
Tencent's participation in Blue Hole has made the latest progress. According to reports from South Korean media, Tencent currently plans to purchase more than 10% of the equity of Blue Hole with 500 billion won (about 2.95 billion yuan). If the deal is successful, Tencent will become the second largest shareholder of Blue Hole.
As we all know, the game business is an important source of revenue for Tencent. The annual revenue of Tencent's games in 2017 was up to 97.8 billion yuan, growing rapidly. In recent years, Tencent has frequently made big acquisitions in the game industry. In 2015, it wholly acquired LOL's developer Riot, and then in 2016, it acquired 84.3% of the shares of Supercell Oy, the developer of the Royal War, for US $8.6 billion