Re: Ortsbo & Tencent QQ China may finally be opening up its animation market to foreign investment, with the latest word that none other than Disney (NYSE: DIS), arguably the world’s most famous brand in the field, is in talks with Internet leader Tencent (HKEx: 700) for a tie-up in the lucrative but largely undeveloped space. The media reports are rather vague, saying only that Tencent, China’s largest Internet company, is “communicating” with Disney about a potential animation development tie-up (Chinese article). But any such partnership would look extremely interesting, especially as Tencent is looking to build up its online video business in a bid to compete with industry leaders Youku (NYSE: YOKU) and Tudou (Nasdaq: TUDO), which are in the process of merging.
https://www.forbes.com/sites/techonomy/2012/04/05/disney-tencent-talks-china-looking-animated/
Doug Young lives in Shanghai and writes about tech investment in China for Techonomy and at www.youngchinabiz.com.