Tencent shuts US video games studio Team Kaiju

Chinese tech giant Tencent has shut down one of its US video games studios that has been considered a key part of its global expansion plan to become a competitive game developer for the Western market, a source familier with the matter said.The Shenzhen-based company pulled the plug on U.S. game studio Team Kaiju in June and its staff have been reassigned to work on another game under Tencent, said the person, declining to be named because the information is not public.