Tencent Acquires Majority Stake in Kuro Games, Developer of Wuthering Waves

Tencent, a leading Chinese technology company, has reportedly secured a controlling stake in Kuro Games, the developer behind the popular titles Wuthering Waves and Punishing: Gray Raven. Let's explore the implications of this acquisition.

Tencent's Majority Stake in Kuro Games

Tencent Now Holds Over Half the Shares

Tencent's shareholding in Kuro Games has increased to approximately 51.4%, following the acquisition of an additional 37% stake. This, coupled with the departure of other shareholders, grants Tencent majority control and makes it the sole external investor in Kuro Games. This follows an initial investment made by Tencent in 2023.

Despite this significant investment, Kuro Games assures continued operational independence, mirroring Tencent's approach with Riot Games (League of Legends, Valorant) and Supercell (Clash of Clans, Brawl Stars). Kuro Games' official statement highlights that this move will foster a more stable operating environment and support its long-term independent growth strategy. Tencent has yet to release an official statement regarding the acquisition.

Kuro Games' Success and Future Prospects

Kuro Games is a prominent Chinese game developer recognized for its successful action RPG, Punishing: Gray Raven, and its recent open-world adventure RPG, Wuthering Waves. Both games have achieved remarkable success, each generating over $120 million USD in revenue and receiving ongoing updates. Wuthering Waves' recognition extends to a Players' Voice nomination at The Game Awards.