Tencent hunts for Hollywood deals to feed China's film boom

Hong Kong

TENCENT Pictures, the film unit of China's biggest Internet company, is looking for acquisitions that can accelerate plans to make its own blockbusters instead of just writing cheques for them.

The potential targets could be in Hollywood and include companies on both the creative and production sides of movie making, chief executive officer Edward Cheng said in an interview. He would not elaborate except to say that Tencent Pictures considers whether a target complements its own abilities and resources.