SINGAPORE -- Tencent Holdings has signed a deal to give Singapore-based online game publisher Sea the right to sell its game titles in Southeast Asia, as the Chinese internet conglomerate looks to diversify revenue sources in the face of a clampdown by Beijing.
New York-listed Sea is Southeast Asia's leading online gaming company with a market capitalization of over $4 billion. Tencent holds around 30% of the company, and both have partnered in game developing and other activities since 2010.
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