Tencent Acquires Majority Stake in Kuro Games, Boosting Wuthering Waves Development
Tencent's expansion in the gaming industry continues with the acquisition of a 51% controlling stake in Kuro Games, the developer behind the popular action RPG, Wuthering Waves. This follows earlier March rumors, with Tencent now holding the majority share after purchasing 37% from Hero Entertainment.
Kuro Games assures its employees, via internal memo, that operational independence will be maintained, mirroring Tencent's approach with studios like Riot Games and Supercell. This strategic investment is unsurprising given Tencent's extensive portfolio, including stakes in Ubisoft, Activision Blizzard, and FromSoftware. The acquisition significantly strengthens Tencent's presence in the action RPG market.
Wuthering Waves, currently enjoying success with its version 1.4 update (featuring Somnoire: Illusive Realms, new characters, weapons, and upgrades), is poised for an even bigger leap forward. The upcoming version 2.0 update promises the introduction of Rinascita, a new explorable nation, along with new characters Carlotta and Roccia. Furthermore, a PlayStation 5 release is imminent, expanding the game's reach across all major platforms.
Tencent's investment provides Kuro Games with enhanced long-term stability, promising a bright future for Wuthering Waves and future projects.
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