Kuro Games Acquired by Tencent, Boosting Gaming Alliance

Tencent, a leading Chinese technology company, has reportedly secured a majority stake in Kuro Games, the developer behind the popular titles Wuthering Waves and Punishing: Gray Raven. This acquisition significantly alters the landscape for both companies.

Tencent's Increased Investment in Kuro Games

Tencent's share in Kuro Games has risen to approximately 37%, bringing their total ownership to 51.4%. This follows the departure of two other shareholders, solidifying Tencent's position as the majority shareholder and sole external investor. This expansion builds upon Tencent's initial investment in Kuro Games in 2023.

Maintaining Operational Independence

Despite Tencent's controlling stake, reports from a Kuro Games insider to Youxi Putao suggest that Kuro Games will retain 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 shift will foster a "more stable external environment" and support its long-term independence strategy. Tencent has yet to release an official statement.

Kuro Games' Successful Titles

Kuro Games is a prominent Chinese game developer known for its action RPG, Punishing: Gray Raven, and its recent open-world adventure RPG, Wuthering Waves. Both games have achieved considerable success, each generating over $120 million USD in revenue and continuing to receive regular updates. Wuthering Waves has even garnered a Players' Voice nomination for The Game Awards.