The planned stake purchase in French firm Ubisoft would be Tencent's latest major foreign deal since a regulatory crackdown in late 2020
The platform known as Huanhe, or Magic Core, is the latest victim of Beijing's crackdown on NFT trading, Jiemian.com said, citing Tencent insiders
The China State Administration for Market Regulation, which is responsible for stopping monopolistic behavior, has fined Alibaba, Tencent and numerous other companies.