by Brooklyn Jan 24,2025
Tencent, the Chinese tech giant, has significantly increased its stake in Kuro Games, the developer of popular titles Wuthering Waves and Punishing: Gray Raven. This acquisition gives Tencent majority control.
Tencent's Increased Holdings
Tencent's share in Kuro Games has jumped to approximately 51.4%, solidifying its position as the majority shareholder. This follows a previous investment in 2023 and the departure of other shareholders. Tencent is now the sole external investor in Kuro Games.
Maintaining Independence
Despite the majority stake, reports suggest Kuro Games will retain its operational independence. This mirrors Tencent's approach with other successful studios like Riot Games (League of Legends, Valorant) and Supercell (Clash of Clans, Brawl Stars). Kuro Games stated that this shift will provide a "more stable external environment" and support its long-term independence strategy. Tencent has not yet publicly commented on the acquisition.
Kuro Games' Success
Kuro Games is a prominent Chinese developer, renowned for its action RPG Punishing: Gray Raven and the recently released open-world RPG Wuthering Waves. Both games have achieved significant commercial success, each generating over $120 million USD in revenue. Wuthering Waves has even earned a Players' Voice nomination at The Game Awards.
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