Tencent, the Chinese tech giant, has significantly increased its stake in Kuro Games, the developer behind the popular mobile games Wuthering Waves and Punishing: Gray Raven. This acquisition gives Tencent majority control.
Tencent's Increased Ownership
Tencent's shareholding in Kuro Games has risen to approximately 51.4%, making it the majority shareholder. This follows a previous investment in 2023 and the departure of other shareholders. Tencent is now the sole external investor in Kuro Games.
Maintaining Independence
Despite Tencent's controlling stake, Kuro Games assures continued operational independence. Internal sources, as reported by Youxi Putao, suggest a model similar to Tencent's relationships with Riot Games (League of Legends, Valorant) and Supercell (Clash of Clans, Brawl Stars). Kuro Games' official statement emphasizes this acquisition will foster a "more stable external environment" and support its long-term independent strategy. Tencent has not yet publicly commented.
Kuro Games' Success
Kuro Games has achieved notable success with both Punishing: Gray Raven and Wuthering Waves. Each title has reportedly generated over $120 million USD in revenue and continues to receive regular updates. The recent nomination of Wuthering Waves for a Players' Voice award at The Game Awards further highlights the studio's achievements.
