Tencent Acquires Majority Stake in Wuthering Waves' Kuro Games

Tencent, the Chinese tech giant, has significantly increased its investment in Kuro Games, the developer behind the popular titles Wuthering Waves and Punishing: Gray Raven. This move gives Tencent majority control of the company.

Tencent's Expanded Investment in Kuro Games

Tencent's shareholding in Kuro Games has risen to approximately 51.4%, solidifying its position as 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 Operational Independence

Despite this significant investment, Kuro Games assures continued operational independence. This mirrors Tencent's approach with other successful studios like Riot Games (League of Legends, Valorant) and Supercell (Clash of Clans, Brawl Stars). Kuro Games cites this acquisition as fostering a "more stable external environment" and supporting its long-term independence strategy. Tencent has not yet publicly commented on the acquisition.

Kuro Games' Successful Titles

Kuro Games is a prominent Chinese game developer, recognized for its successful action RPG Punishing: Gray Raven and the recently released open-world RPG Wuthering Waves. Both games have achieved considerable financial success, each generating over $120 million USD in revenue. Furthermore, Wuthering Waves has earned a Players' Voice nomination at The Game Awards.