Tencent Acquires Majority Stake in Kuro Games, Boosting Wuthering Waves Development
Tencent's expansion into 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 rumors in March, with Tencent purchasing a 37% share from Hero Entertainment, becoming the sole external shareholder.
Despite the shift in ownership, Kuro Games assures employees that its independent operations will remain unchanged, mirroring Tencent's approach with other studios like Riot Games and Supercell. This commitment to maintaining creative autonomy is a positive sign for fans.
This acquisition isn't unexpected, given Tencent's extensive portfolio of gaming investments, including stakes in Ubisoft, Activision Blizzard, and FromSoftware. This strategic move significantly strengthens Tencent's presence in the action RPG market.
Wuthering Waves, currently enjoying success with its version 1.4 update (featuring the Somnoire: Illusive Realms mode and new characters), is poised for even greater growth. The upcoming version 2.0 update promises a major expansion, introducing the new nation of Rinascita, along with characters Carlotta and Roccia, and a highly anticipated PlayStation 5 release, bringing the game to all major platforms.
Tencent's investment provides Kuro Games with enhanced long-term stability, ensuring a bright future for Wuthering Waves and future projects.
