Home > News > Kuro Games Receives Major Investment from Tencent

Kuro Games Receives Major Investment from Tencent

Dec 11,24(3 months ago)
Kuro Games Receives Major Investment from Tencent

Tencent's strategic acquisition of a 51% controlling stake in Kuro Games, the developer behind the popular action RPG Wuthering Waves, marks a significant expansion of its gaming portfolio. This follows earlier rumors of a potential acquisition, with Tencent purchasing a 37% share from Hero Entertainment, becoming the sole external shareholder.

Kuro Games has reassured its employees that its operational independence will remain intact, mirroring Tencent's approach with other acquired studios such as Riot Games and Supercell. This strategy emphasizes maintaining creative autonomy while leveraging Tencent's extensive resources.

This acquisition is consistent with Tencent's history of substantial investments in the gaming industry. The company already holds significant stakes in major players like Ubisoft, Activision Blizzard, and FromSoftware, further solidifying its position as a global gaming powerhouse. The addition of Kuro Games significantly strengthens Tencent's presence in the action RPG market.

Wuthering Waves, currently enjoying success with its version 1.4 update (introducing Somnoire: Illusive Realms, new characters, weapons, and upgrades), is poised for even greater growth. The upcoming version 2.0 update promises a substantial expansion with the introduction of the new nation, Rinascita, additional characters (Carlotta and Roccia), and a highly anticipated PlayStation 5 release, ensuring availability across all major platforms.

yt

Tencent's investment provides Kuro Games with enhanced long-term stability, setting the stage for continued success with Wuthering Waves and future projects. The infusion of resources promises to accelerate development and expand the game's reach to a wider audience.

Discover
  • Шедевростандофф
    Шедевростандофф
    A masterpiece of standoff - an open world and a huge range of possibilities excite the mind. Masterpiece Masterpiece Standoff is a game that has no equal, representing a unique art in the world of entertainment. Designed with a revolutionary approach, it offers an open world with an exciting story,
  • Egyptian Life
    Egyptian Life
    Dive into the immersive world of the "Life in Egypt Simulator," a game that brings the ancient civilization to life with stunning realism. Experience the daily routines and challenges faced by Egyptians as you navigate through a meticulously crafted virtual environment. In this game, survival hinges
  • Game of Vampires
    Game of Vampires
    Step into the shadowy realm of Game of Vampires, an enthralling RPG where you embody the essence of a vampire lord. Seize control of Dracula's castle, ascend to the throne, and govern a clandestine kingdom teeming with iconic vampires, werewolves, and witches. Engage with captivating immortals, forg
  • Sandbox In Space
    Sandbox In Space
    "Sandbox in Space" is an enthralling mobile physics simulator and open-world sandbox game that invites players to embark on a cosmic journey across various planets. This game stands out by offering a vast array of assets and mechanics, allowing players to explore and experiment without any restricti
  • My Way
    My Way
    My Way is a captivating universe of interactive stories where you take the reins of the narrative. Unlike other platforms, we don't use crystals or tickets; your choices are free and impactful, shaping the story without any additional cost. Each tale is intricately woven together, crafted with passi
  • Juno: New Origins
    Juno: New Origins
    Unleash your creativity with "Juno: New Origins," a captivating 3D aerospace sandbox where you can build rockets, airplanes, cars, and more, then explore intricately designed planets. This free-to-play version offers a wealth of content from the Complete Edition, with additional features available f