Tencent, a leading Chinese technology company, has reportedly secured a majority stake in Kuro Games, the acclaimed developer behind Wuthering Waves and Punishing: Gray Raven. Let's explore the implications of this significant acquisition.
Tencent's Majority Stake in Kuro Games
Tencent Now Holds Controlling Interest
Tencent's shareholding in Kuro Games has increased to approximately 51.4%, achieved through the acquisition of an additional 37% stake. Following the departure of other shareholders, Tencent now holds a controlling interest and is the sole external investor. This follows an initial investment made by Tencent in 2023.
Maintaining Independence
According to sources cited by Chinese news outlet Youxi Putao, Kuro Games will maintain 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' official statement emphasizes that this acquisition fosters a "more stable external environment" and supports its long-term independent strategy. Tencent has not yet publicly commented.
Kuro Games' Success
Kuro Games is a prominent Chinese game developer recognized for its acclaimed action RPG, Punishing: Gray Raven, and the recently released open-world RPG, Wuthering Waves. Both titles have achieved significant commercial success, each generating over $120 million USD in revenue and continuing to receive regular updates. Wuthering Waves has even earned a Players' Voice nomination at The Game Awards.
