Tencent, a leading Chinese technology company, has reportedly secured a controlling stake in Kuro Games, the developer behind the popular titles Wuthering Waves and Punishing: Gray Raven. Let's explore the implications of this acquisition.
Tencent's Increased Investment in Kuro Games
Majority Shareholder Status Achieved
Tencent's shareholding in Kuro Games has significantly increased to approximately 51.4%. This follows a previous investment in 2023 and the departure of other shareholders, making Tencent the sole external investor and majority shareholder.
Despite this increased ownership, sources within Kuro Games, as reported by Youxi Putao, indicate that the studio will maintain its operational independence. This mirrors Tencent's approach with other successful game developers like Riot Games (League of Legends, Valorant) and Supercell (Clash of Clans, Brawl Stars). Kuro Games' official statement emphasizes that this acquisition fosters a "more stable external environment" and supports its long-term independent strategy. Tencent has yet to release an official statement.
Kuro Games' Success and Future Outlook
Kuro Games is a prominent Chinese game developer recognized for its action RPG, Punishing: Gray Raven, and the recently released open-world adventure RPG, Wuthering Waves. Both games have achieved considerable success, each generating over $120 million USD in revenue and receiving ongoing updates. The recognition of Wuthering Waves extends to a Players' Voice nomination at The Game Awards, highlighting its critical acclaim.
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