Tencent Acquires Majority Stake in Kuro Games, Boosting Wuthering Waves' Future
Tencent's expansion into the gaming industry continues with its acquisition of 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 position as a major player in the gaming market. The deal involves purchasing a 37% share from Hero Entertainment, making Tencent the sole external shareholder.
Kuro Games has assured its employees, in an 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 and creative control.
This acquisition is unsurprising given Tencent's extensive portfolio, which includes investments in major gaming companies such as Ubisoft, Activision Blizzard, and FromSoftware. The addition of Kuro Games significantly strengthens Tencent's presence in the action RPG sector.
Wuthering Waves itself is experiencing significant momentum. The current 1.4 update features the new Somnoire: Illusive Realms mode, two new characters, weapons, and upgrades. Players can also utilize in-game codes to unlock additional rewards.
The upcoming version 2.0 update promises even more exciting content, including the introduction of Rinascita, a new explorable nation, along with new characters Carlotta and Roccia. Most notably, Wuthering Waves will finally launch on PlayStation 5, expanding its availability across major platforms.
Tencent's investment ensures Kuro Games' long-term stability, paving the way for future growth and development of Wuthering Waves and potential new projects.
