Tencent Acquires Stake in Kuro Games, Developer of Wuthering Waves

Tencent's Acquisition of Kuro Games: A Boost for Wuthering Waves and Beyond

Tencent has acquired a 51% controlling stake in Kuro Games, the developer behind the popular action RPG, Wuthering Waves. This follows earlier rumors from March and solidifies Tencent's expanding portfolio in the gaming industry. The acquisition involves purchasing a 37% share from Hero Entertainment, making Tencent the sole external shareholder.

Kuro Games has reassured its employees that its independent operations will remain unchanged, mirroring Tencent's approach with other studios like Riot Games and Supercell. This ensures creative control largely resides with the development team.

This acquisition is consistent with Tencent's history of significant investments in gaming companies, including Ubisoft, Activision Blizzard, and FromSoftware. The addition of Kuro Games significantly strengthens Tencent's presence in the action RPG market.

Wuthering Waves, currently enjoying success with its version 1.4 update (introducing Somnoire: Illusive Realms, new characters, weapons, and upgrades), is poised for even greater growth. The upcoming version 2.0 update promises a new explorable nation, Rinascita, along with new characters Carlotta and Roccia, and a highly anticipated PlayStation 5 release, bringing the game to all major platforms.

Tencent's investment provides Kuro Games with enhanced long-term stability, paving the way for future success for Wuthering Waves and subsequent projects.