Tencent to manage Crytek's Warface in China

Internet giant to operate new free-to-play shooter from Crysis dev

Crytek's upcoming free-to-play first-person shooter Warface will be operated in China exclusively by Tencent.

Tencent is an internet giant in the region, and boasts a $75 million market cap and revenues of $1.8 billion.

"The development of our first free-to-play online project marks another major stepping stone for our studio," offered Avni Yerli, MD of Crytek.

"We are excited to have the opportunity to partner with Tencent who are recognised as the largest online game community in China and a world-class online game developer and operator. We believe this game will make a glorious achievement in the Asian markets."

Earlier this year, Tencent vice president Bo Wang said that the company's games enjoy a lifecycle of between 5-7 years, with the firm operating a micro transaction based business to cater to all consumers.

"Developed by Crytek and operated by Tencent in China, Warface will give Chinese players a revolutionary shooting game experience", added Steven Ma, vice president of Tencent Games.

More stories

Tencent provides clarification on new subsidiary's business operations

Despite online rumors Tencent says "All games under Tencent will remain under the control of their original teams…"

By Jeffrey Rousseau

Tencent cutting off Chinese gamers' access to foreign games

May 31 update to internet acceleration app will only support games operating in China

By James Batchelor

Latest comments (2)

Think Tencent's market cap is currently closer to $43 billion with LTM revenue of $2.7 billion..
0Sign inorRegisterto rate and reply
Glen Elliott Partner/Head of Sales, European Game League11 years ago
Agreed, according to Bloomberg, it has a market cap of 334,000 million HKD (symbol 700 HK) which is just under $43 Billion USD and turnover of $1.6 Billion USD
0Sign inorRegisterto rate and reply

Sign in to contribute

Need an account? Register now.