Shenzhen-based Tencent, which owns the popular messaging app WeChat, will hold about a quarter of a new subsidiary.

French videogame maker Ubisoft said on Thursday it has set up a subsidiary in which China's Tencent will invest 1.16 billion euros ($1.25 billion).

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Chinese technology giant Tencent has made a €1.2bn ($1.25bn) investment in a spin-off from Ubisoft, the maker of the Assassin's Creed video games. Shenzhen-based Tencent will own about a quarter ...

Chinese technology giant Tencent has made a €1.2bn ($1.25bn; £1bn) investment in a spin-off from Ubisoft, the maker of the Assassin's Creed video games. Shenzhen-based Tencent will own about a ...