News
Tencent reportedly takes over two ByteDance games teams
The companies have allegedly merged to form a new Shenzhen-based studio
Tencent
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Tencent acquires controlling stake in Swords of Legends dev Wangyuan Shengtang
Chinese games giant now owns over 94% of the Beijing developer, gains access to IP
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Tencent slashed investments in 2023
World's largest gaming company only made 39 deals last year, compared to 299 in 2021
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Tencent closes shop on Team Kaiju
The US studio was dissolved as many of its members were moved to other projects
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Report: Meta pens deal with Tencent to sell VR headsets in China exclusively
The agreement will mark the firm formerly known as Facebookâs return in 14 years
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Tencent to become majority shareholder of Techland
The Dying Light maker will retain control of its IPs and Pawel Marchewka will continue to be CEO
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LightSpeed Studios acquires UK developer Lucid Games
The Tencent Games subsidiary purchased the studio for an undisclosed amount
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Tencent investment marks "new beginning" for UK studio Lighthouse Games
"The shackles are off," CEO Gavin Raeburn tells us as former Playground Games studio director continues work on new AAA IP
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Tencent leads data.ai's Top Publisher Awards 2023 for the global mobile market
Among the top 50 publishers for 2022, 27 are based in the Asia Pacific, 12 in China, and 17 within the US
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China's games market reached $45.5bn in 2022
Tencent and NetEase represented 61% of the domestic PC and mobile market in 2021, but combined share in decline
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Sega and Tencent bow out of E3
Update: Devolver also skipping its usual "satellite events" around E3
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China games trade body calls for more restrictions on minors playing video games
Tencent pledges further measures in its games
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The Chinese government is set to take shares in Tencent
The "golden shares" are normally a one percent stake and include the ability to vote on business decisions
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Tencent purchases 20% stake in Korean game developer Shift Up
The acquisition continues the tech firms efforts to further invest in overseas firms
Feature
How Tencent is ramping up its global games business
Global games CEO Michelle Liu talks us through the firm's international strategy, the impact of China's gaming restrictions, and how AAA can build on a mobile strategy
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Tencent to stand trial in latest Mobile Legends legal battle
Recent suit filed by Moonton Technology accuses tech giant of multiple violations regarding the mobile title
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Gruby announces Tencent as its newest minority shareholder
The investment is intended to expand the games company, meanwhile its first title is slated to launch this month
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Digital Confectioners receives Tencent investment
The games studio says the funding will go towards two new game development projects and staff expansion
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Shawn Layden joins Tencent as strategic advisor
Former Sony exec will "advise, assist, and support" the Chinese company as it "deepens" its games business
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Tencent takes minority stake in Mordhau studio Triternion
Investment will be used to grow the popular multiplayer game, as well as develop new IP
Feature
Yves Guillemot: "I think we are a company that can be proud of itself"
Ubisoft CEO on continuing efforts to fix a toxic culture, the latest from its blockchain ventures, and retaining independence after Tencent's recent investment
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Tencent increases investment in Ubisoft
Chinese outfit ups its stake in publisher by acquiring a minority piece of fellow shareholder Guillemot Brothers Limited, which owns almost 13% of Ubisoft shares
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Sony and Tencent acquire stakes in FromSoftware
Two firms take a combined 30% in Elden Ring maker
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Tencent sees Q2 revenue dip due to "post-pandemic digestion period"
International games division saw a 1% revenue decrease year-over-year; V Rising and Valorant said to have strong performances
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Tencent reportedly looking to raise stake in Ubisoft
Reuters sources say online giant could offer more than twice current share price to become publisher's largest shareholder