Tencent, a leading Chinese technology company, has significantly increased its investment in Kuro Games, the developer behind the popular mobile games Wuthering Waves and Punishing: Gray Raven. This strategic move grants Tencent a controlling 51.4% stake in Kuro Games, making it the sole external shareholder. This acquisition builds upon Tencent's initial investment in Kuro Games in 2023.
While Tencent now holds a majority stake, Kuro Games assures continued operational independence. This model mirrors Tencent's approach with other successful game studios like Riot Games (League of Legends, Valorant) and Supercell (Clash of Clans, Brawl Stars). The statement from Kuro Games emphasizes that this partnership will foster a more stable environment and support its long-term independent growth strategy. Tencent has not yet publicly commented on the acquisition.
Kuro Games, a prominent Chinese game developer, has achieved considerable success with both Punishing: Gray Raven and Wuthering Waves. Each title has reportedly generated over $120 million USD in revenue and continues to receive regular updates. The recognition of Wuthering Waves extends to a Players' Voice nomination at The Game Awards, further highlighting the studio's achievements. This acquisition positions Kuro Games for further expansion and growth under Tencent's umbrella.
