Tencent, NetEase reconsider Japan investment strategies, Bloomberg says

Tencent (TCEHY) and NetEase (NTES) are reconsidering or cutting back on many of their investments in Japanese game developers, Bloomberg’s Takashi Mochizuki reports. NetEase has slashed all but a handful of positions at its Ouka studio, which developed recently released Square Enix (SQNXF) title “Visions of Mana,” and plans to shut the Shibuya outfit, the author says, citing people familiar with the matter. Tencent is also reconsidering its investments in Japan, having already backed off from at least several funding commitments for new projects, the author says.