Tencent Acquires Majority Stake in Kuro Games, Developer of Wuthering Waves

Tencent, the Chinese tech giant, has recently acquired a majority stake in Kuro Games, the developer behind the popular titles Wuthering Waves and Punishing: Gray Raven. This move has significant implications for both companies, which we'll explore further.

Tencent Takes 37% Stake In Kuro Games

Tencent has increased its stake in Kuro Games by acquiring an additional 37% of the company's shares, bringing its total ownership to 51.4%. This acquisition has led to the exit of two other shareholders, leaving Tencent as the sole external shareholder of Kuro Games. The tech conglomerate initially invested in Kuro Games in 2023, and its stake has grown significantly since then.

Despite this significant acquisition, a Kuro Games insider, as reported by the Chinese news site Youxi Putao, assures that Kuro Games will maintain its independence. This arrangement is similar to Tencent's relationships with other game developers like Riot Games, creators of League of Legends and Valorant, and Supercell, known for Clash of Clans and Brawl Stars. Kuro Games has stated that this change will foster a "more stable external environment" and support its strategy for long-term independence. As of now, Tencent has not issued an official statement on the acquisition.

Kuro Games, a prominent Chinese game development company, is renowned for its action RPG, Punishing: Gray Raven, and its latest release, the open-world adventure RPG, Wuthering Waves. Both games have been successful, each generating over $120 million USD in revenue and continuing to receive regular updates. Wuthering Waves has even been nominated for Players’ Voice at the upcoming The Game Awards, highlighting its impact in the gaming community.