Tencent Acquires Majority Stake in Wuthering Waves Developer Kuro Games
Tencent, the Chinese tech giant, has significantly increased its investment in Kuro Games, the developer behind the popular titles Wuthering Waves and Punishing: Gray Raven. This move grants Tencent majority ownership.
Tencent's Expanded Stake in Kuro Games
Tencent's acquisition of an additional 37% stake brings its total ownership to 51.4%. This, coupled with the departure of other shareholders, establishes Tencent as the majority shareholder and sole external investor. This follows an initial investment made in 2023.
Maintaining Independence
Despite Tencent's controlling interest, Kuro Games assures continued operational independence. This mirrors Tencent's approach with other successful studios like Riot Games and Supercell, emphasizing a strategy of long-term autonomy. Kuro Games cites this acquisition as fostering a "more stable external environment." Tencent has yet to publicly address the acquisition.
Kuro Games' Success
Kuro Games has achieved notable success with both Punishing: Gray Raven and Wuthering Waves, each generating over $120 million USD in revenue. Wuthering Waves, in particular, has garnered significant recognition, earning a Players' Voice nomination at The Game Awards. Both games continue to receive regular updates.
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