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Update, 10/7/2019: Originally this article stated Tencent owned a 39.7 percent stake in Sea but that number was outdated. Tencent, which is already the world’s largest games company in revenue terms, owns “League of Legends” developer Riot Games, an 84% stake in Supercell (“Clash of Clans”), 80% of New Zealand’s Grinding Gear Games (“Path of Exile”), 40% of Epic Games, 14.5% of Glu Mobile, 11.5% of Bluehole, and 5% stakes in Activision Blizzard, Ubisoft and Paradox Interactive. Tencent's investment into Bluehole first began in 2017 with Tencent first acquiring 1.5 percent of Bluehole before increasing that investment to an undisclosed amount rumored to be around 10 percent. … Others say that Tencent is intent on fending off NetEase, its biggest rival in China, which is currently raising some $3 billion of fresh capital through a secondary share listing in Hong Kong. Its twin-skyscraper headquarters, Tencent Seafront Towers (also known as Tencent Binhai Mansion) are based in the Nanshan District of Shenzhen. But considering 60 percent of Tencent's $19.13 billion in gaming revenue last year came from mobile games, and Supercell's enduring hits like Clash of Clans, the acquisition makes a lot of sense. While this amount pales in comparison to the Tencent-led $3.3 billion consortium purchase of 10% of Universal Music Group  at the end of last year, it further shows the increasing ties between the Asian market and the U.S. one, as well as the steady globalization of the music industry. With a stake in WMG and UMG both, Tencent has the potential to build new products and make money on not only Warner- or Universal-signed artists who are listened to in China, but also on listeners who, say, stream Led Zeppelin from Los Angeles — or future ventures that either of these label companies pursue in the U.S. and in other territories. In 2015, Tencent acquired what was, at the time, the most-played game in the entire world with 38 million active players, Tencent’s acquisition of League of Legends saw the Chinese conglomerate instantly turn into a global esports superpower. Fatshark - 36 percent: Warhammer: Vermintide 2's success led Tencent to acquire a large minority stake in Swedish developer Fatshark in early 2019 for an estimated $56 million. They also own and opperate within.Television and Cinema, Comic, Music and … The corporation has also acquired both publishing and broadcasting rights for non-Chinese games in mainland China. For one, Tencent owns a 40% stake in Epic Games, the makers of Fortnite. ASUS' ROG Zephyrus Duo 15 is a gaming laptop with a built-in second screen, Xbox Series X and PS5: The new consoles are all about crazy fast storage, 'Persona 5 Royal' taps into the joy of replaying your favorite game, ‘War of the Visions’ is a mobile spin on ‘Final Fantasy Tactics’, LG's rollable OLED TV goes on sale for $87,000, Living with TCL's 8-series 4K TV: Quality without paying for OLED, Google adds Nest Secure to its list of discontinued projects, The SSC Tuatara has broken 330 mph and shattered a world speed record. Related: Tencent apparently hosted an esports event for its WeChat game Jump Jump.

As such, the company has been entrusted with the increasingly popular battle royale game’s Chinese launch, which Tencent will be investing $15 million into. He's Canadian but can't ice skate. Yager - Undisclosed investment: In February of 2020, Tencent also invested an undisclosed amount into Yager, the developer of Spec Ops: The Line among some more recent but less notable free-to-play games. At the same time, Epic began experimenting with live-service games like the Paragon and Fortnite: Save the World. Similar to Platinum Games, Yager's infusion of cash allows the company to keep its independence while upscaling its operations. © CBS Interactive Inc. All Rights Reserved. Sign up for our newsletter. Kakao - 13.5 percent: Kakao is a South Korean internet and entertainment company whose games subsidiary is responsible for the mega-hit Black Desert Online, which surpassed $1 billion in gross sales last year, and also publishes PUBG in South Korea.

Tencent's purchase of Riot was nothing short of prescient—League of Legends is the most popular PC game in the world, pulling in an estimated $1.4 billion in revenue last year. That's why I've created this reference listing each of Tencent's public investments in foreign gaming companies (basically, companies outside of China), including, where possible, how much of that company Tencent owns. Read Next: Jeffrey Toobin Suspended From New Yorker, Taking Leave From CNN After Allegedly Revealing Himself on Zoom Call, Singapore Media Festival to Shift Mostly Online, China’s Box Office Hits $2 Billion, Set to Overtake North America, BBC and China’s Bilibili Strike Framework Agreement, Jeff Bridges Announces Lymphoma Diagnosis, Beastie Boys License a Song for an Ad for First Time Ever, for Joe Biden Spot Focused on Live Music Shutdown, James Redford, Documentary Filmmaker and Son of Robert Redford, Dies at 58, Apple Launches 'Apple Music TV,' a 24-Hour Music Video Livestream, Brian Wilson Disavows Trump’s Beach Boys Benefit in California (EXCLUSIVE), Watch Borat and Daughter Visit Anti-Abortion Clinic in 'Subsequent Moviefilm' Clip (EXCLUSIVE), Jeffrey Toobin Suspended From New Yorker, Taking Leave From CNN After Allegedly Revealing Himself on Zoom Call, ‘The Vow’: What Happened to Keith Raniere, Allison Mack and Other Key Figures, First Look at ‘John Wick,’ ‘Now You See Me’ Roller Coasters, Opening Next Year, Chadwick Boseman Honored by ‘Ma Rainey’ Co-Star Viola Davis, Trump Calls Debate Moderator Kristen Welker a ‘Radical Left Democrat’, Jeremy Strong in Talks for Bradley Cooper's Leonard Bernstein Biopic for Netflix, ‘Beloved’ Author Toni Morrison’s Lower Manhattan Loft Comes to Market, Jimmy Fallon, Lin-Manuel Miranda Reunite for ‘Two Goats Who Will Vote’, Tiffany & Co. Is Opening a Blue Box Cafe in Orange County This December, UFC Training Center Sees Revenue in Chinese Olympians and Pro Athletes, 55+ Great Holiday Gifts for Mom that Will Put Her in the Christmas Spirit. PC Gamer is part of Future US Inc, an international media group and leading digital publisher.
Some games industry analysts have suggested that Tencent is buying games firms as it has a limited games design capacity of its own.
New York, Tencent's move to acquire the studio centres around the lucrative mutliplayer online battle arena (MOBA) game League of Legends. Riot Games previously announced its plans to introduce a major update to the popular game in 2016, revealing it would be making changes to gameplay, improving interactivity with other players and overhauling the MOBA's web client. Visit our corporate site. That doesn't necessarily mean it'll go ahead, since Nintendo is notorious for protecting its culture and IP, in order to preserve the experience for gamers. As of March 2018, Tencent is the largest video game company in the world. why don’t you google it? Frontier Developments - 9 percent: Tencent invested £17.7 million into the developer of Elite Dangerous and Planet Zoo in 2017 as part of a strategic partnership to capitalize on increased interest in space and "themepark" games in China. The pair teamed up with the intention of selling the Switch in China, where consoles (and gaming in general) are tightly regulated. Released in 2009, SuperData research estimates the game made well over $1 billion last year, and indicates that it's a key driver of e-sport reaching a viewer base of over 130 million. On Tuesday, the Californian games studio quietly announced that it was now completely owned by Tencent, an economic giant from China. Tencent’s presence in the battle royale genre has been one of its main areas of focus in the past year, and specifically outlined that it intends to focus even more on the genre in 2018. It quotes an unnamed Tencent official saying the company wants to "expand from China" by building console games for the US and Europe. It's mostly known by consumers for its WeChat messenger and QQ.com web portal, two widely used services in China. Tencent owns the publishing rights to the game in China, and is also in charge of its release in Malaysia. Be respectful, keep it civil and stay on topic. We've updated the article to reflect that.

Wanting to cash in on the mobile gaming boom, Tencent tried to get Riot to make a mobile version of LoL. Although Tencent owns over 80 percent of the company, however, the studio will remain independent in its decision-making, aside from the Chinese version of the game. Rather than push its own ideas an IP, however, Tencent will try and become a household name here by piggybacking on Nintendo's. A quick reference of how China's largest tech conglomerate has quietly expanded into videogames.

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