China’s biggest listed internet company, Tencent, has announced that it is to acquire a 28% stake in South Korean online gambling and mobile gaming firm CJ Games for $500 million (€363.2 million). Under the agreement, Tencent said that it would acquire a mixture of existing and newly issued common stock, making it the third-largest investor in CJ Games after Bang JH and CJ E&M Corp. The Chinese company said the deal would allow it to expand its online and mobile gaming business and grow its presence overseas. In addition, CJ Games will be able to establish a foothold in the…