Tencent becomes major stakeholder in Wuthering Waves’ creator Kuro Games

Tencent Acquires Majority Stake in Kuro Games, Boosting Wuthering Waves Development

Tencent's expansion in the gaming industry continues with the acquisition of a 51% controlling stake in Kuro Games, the developer behind the popular action RPG, Wuthering Waves. This follows earlier rumors in March, with Tencent purchasing a 37% share from Hero Entertainment, becoming the sole external shareholder.

Despite the shift in ownership, Kuro Games assures its employees, via internal memo, that operational independence will be maintained. This mirrors Tencent's approach with other studios like Riot Games and Supercell, prioritizing developer autonomy.

This investment isn't unexpected, given Tencent's extensive portfolio, including stakes in major players such as Ubisoft, Activision Blizzard, and FromSoftware. This acquisition significantly strengthens Tencent's presence in the action RPG market.

Wuthering Waves itself is thriving, with the current version 1.4 update introducing the Somnoire: Illusive Realms mode, two new characters, weapons, and upgrades. Players can also utilize various in-game codes for additional rewards.

The upcoming version 2.0 update promises even more, featuring the new explorable nation, Rinascita, alongside new characters Carlotta and Roccia. Crucially, the game will finally launch on PlayStation 5, making it accessible across all major platforms.

Tencent's investment provides Kuro Games with enhanced long-term stability, paving the way for future growth and development of Wuthering Waves and subsequent projects.