Tencent Acquires Majority Stake in Kuro Games, Boosting Wuthering Waves' Future
Tencent's continued expansion in the gaming industry has led to the acquisition of a 51% controlling stake in Kuro Games, the developer behind the popular action RPG, Wuthering Waves. This follows earlier rumors in March, with Tencent purchasing a 37% share from Hero Entertainment, becoming the sole external shareholder.
An internal memo assures Kuro Games employees that independent operations will remain unchanged, mirroring Tencent's approach with studios like Riot Games and Supercell. This emphasizes Tencent's commitment to preserving creative control within its acquired companies.
This acquisition isn't unexpected, given Tencent's extensive portfolio of investments in gaming companies, including Ubisoft, Activision Blizzard, and FromSoftware. The investment significantly strengthens Kuro Games' position in the action RPG market.
Wuthering Waves itself is experiencing considerable success. Version 1.4 recently launched the Somnoire: Illusive Realms mode, two new characters, weapons, and upgrades. Players can also utilize in-game codes for additional rewards.
The upcoming version 2.0 update promises even more exciting content, including the introduction of the new nation, Rinascita, along with new characters Carlotta and Roccia. Crucially, version 2.0 will also mark Wuthering Waves' debut on the PlayStation 5, expanding its reach to all major platforms.
Tencent's investment provides Kuro Games with enhanced long-term stability, paving the way for future growth and development of Wuthering Waves and other projects.
