Tencent's Acquisition of Kuro Games: A Boost for Wuthering Waves and Beyond
Tencent has acquired a 51% controlling stake in Kuro Games, the developer behind the popular action RPG, Wuthering Waves. This follows earlier rumors in March and solidifies Tencent's continued expansion within the gaming industry. The acquisition involved purchasing a 37% share from Hero Entertainment, making Tencent the sole external shareholder.
Kuro Games has assured its employees, via internal memo, that its independent operations will remain unchanged. This mirrors Tencent's approach with other studios like Riot Games and Supercell, prioritizing developer autonomy. This strategic move by Tencent isn't unexpected, given its extensive portfolio of investments in gaming companies, including Ubisoft, Activision Blizzard, and FromSoftware. This acquisition significantly strengthens Tencent's position 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, weapons, and upgrades), is poised for even greater growth. The upcoming version 2.0 update promises the introduction of Rinascita, a new explorable nation, along with new 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, paving the way for continued success with Wuthering Waves and future projects.
