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, with Tencent purchasing a 37% share from Hero Entertainment, becoming 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 acquisition isn't unexpected, given Tencent's extensive portfolio of investments, including stakes in Ubisoft, Activision Blizzard, and FromSoftware.
Wuthering Waves, currently enjoying success with its version 1.4 update (introducing Somnoire: Illusive Realms, new characters, weapons, and upgrades), is poised for an even bigger leap. The upcoming version 2.0 update promises the addition of Rinascita, a new explorable nation, along with new characters Carlotta and Roccia. Crucially, version 2.0 will also mark the game's launch on PlayStation 5, expanding its reach across major platforms.
Tencent's investment significantly enhances Kuro Games' long-term stability, paving the way for future growth and development of Wuthering Waves and subsequent projects.
