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

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

Tencent, the Chinese media giant, has officially acquired a majority stake in Kuro Games, the studio behind the popular gacha RPG Wuthering Waves. The acquisition, reported by Gematsu, solidifies Tencent’s growing influence in the global gaming industry while allowing Kuro Games to maintain operational independence.

Details of the Acquisition

Tencent purchased 37% of Kuro Games’ shares from Hero Entertainment, bringing its total ownership to 51% and making it the studio’s sole external shareholder. Kuro Games has assured its employees and fans that the deal will not impact the studio’s operations, with Tencent opting for a hands-off approach. The developer expressed optimism about the partnership, citing the stability it provides for future projects.

Tencent’s Expansion in Gaming

Tencent’s investment in Kuro Games continues its strategy of acquiring stakes in prominent game developers. The company already holds significant shares in League of Legends developer Riot Games, Clash of Clans creator Supercell, and other studios such as Ubisoft and FromSoftware. Tencent’s portfolio also includes publishing rights for Tower of Fantasy and Goddess of Victory: NIKKE.

What This Means for Wuthering Waves

The acquisition comes as Wuthering Waves continues to gain momentum with its rapidly growing player base and frequent updates. The studio recently announced the highly anticipated Version 2.0 update, featuring Rinascita, the second major explorable nation. Additionally, Kuro Games confirmed that a PlayStation 5 version of the game is in development. Fans can also look forward to new playable characters, including Carlotta and Roccia, in upcoming updates.

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Kuro Games Tencent Wuthering Waves

Sai T.

Sai is a social media manager and senior web content creator who spends his days juggling game research, deadlines, and the usual existential crisis. When he isn’t crafting content that hopefully goes viral, he’s a dedicated single parent doing his best to navigate work life balance. And in the rare moments when free time actually appears, he’s usually found with his two dogs, who are fully convinced they’re the ones in charge.