In 2020, Tencent Holdings went on an acquisition spree, securing more deals than any other studio. According to the research data analyzed and published by Safe Betting Sites India<\/a>, the Chinese tech giant invested in 31 companies in the gaming industry during the year.<\/p>\n

That was four times the number of merger and acquisition (M&A) deals closed in 2017. Compared to 2019, it marked a remarkable 300% increase.<\/p>\n

The deals included a vibrant mix of mergers, acquisitions, funding rounds, minor and major stakes. Twenty three of the 31 deals involved are companies in China while the rest are based overseas.<\/p>\n

Leyou Technology\u2019s acquisition at $1.5 billion was the highest valued transaction. Tencent also took part in Roblox\u2019 $150 million Series G funding round and a $100 million series B round in VSPN. Additionally, it made an $810 million investment in the merger between Huya and DouYu.<\/p>\n