Tencent Acquires Majority Stake in Kuro Games, Boosting Wuthering Waves' Future
Tencent's expansion into the gaming industry continues with 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.
While Tencent now holds the majority stake, 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, emphasizing developer autonomy.
This acquisition isn't unexpected, given Tencent's extensive portfolio of investments in gaming companies, including Ubisoft, Activision Blizzard, and FromSoftware. This strategic move significantly strengthens Tencent's presence in the action RPG market.
Wuthering Waves itself is experiencing significant momentum. The current 1.4 update features the Somnoire: Illusive Realms mode, two new characters, weapons, and upgrades. Players can also utilize available in-game codes for additional rewards.
The upcoming version 2.0 update promises even more exciting content, including the introduction of the new explorable nation, Rinascita, along with new characters Carlotta and Roccia. Furthermore, Wuthering Waves will finally launch on PlayStation 5, making it accessible across all major platforms.
Tencent's investment ensures Kuro Games' long-term stability, paving the way for continued growth and success for Wuthering Waves and future projects.
