Tencent is negotiating exits from minority investments in game studios in Japan, such as Tokyo-traded Marvelous, as it reassesses its global portfolio

Tencent is pulling back from Japan's gaming scene. The Chinese tech giant is actively negotiating exits from several game studio investments in the country, according to Bloomberg sources.

Among the stakes on the chopping block: Tokyo-traded Marvelous Inc., the studio behind franchises like Story of Seasons and No More Heroes.

The moves signal a broader reassessment of Tencent's sprawling global investment portfolio. The company has been one of the most aggressive gaming investors worldwide, snapping up stakes in studios across Asia, Europe, and North America over the past decade.

Now it appears the strategy is shifting. Tencent is trimming positions that no longer align with its priorities. Japan — once a key target market for the company's investment ambitions — is seeing the sharpest pullback.

No specific deal terms or timelines have been disclosed yet.