Home News Tencent Acquires Majority Stake in Wuthering Waves' Kuro Games

Tencent Acquires Majority Stake in Wuthering Waves' Kuro Games

Author : Ethan Update:Jan 05,2025

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

Wuthering Waves’ Kuro Games Taken Over by Tencent as Majority Shareholder

Chinese tech giant Tencent has significantly increased its investment in Kuro Games, the developer behind the popular mobile games Wuthering Waves and Punishing: Gray Raven. This move gives Tencent a controlling stake in the company.

Tencent's Expanded Holdings

Wuthering Waves’ Kuro Games Taken Over by Tencent as Majority Shareholder

Tencent now holds approximately 51.4% of Kuro Games' shares, becoming the sole external shareholder. This follows an initial investment in 2023 and a recent acquisition of an additional 37% stake. The departure of two other shareholders solidified Tencent's majority ownership.

Maintaining Independence

Despite Tencent's controlling interest, reports suggest Kuro Games will maintain its operational independence. This mirrors Tencent's approach with other successful game studios like Riot Games (League of Legends, Valorant) and Supercell (Clash of Clans, Brawl Stars). Kuro Games stated that this change will foster a "more stable external environment" and support its long-term independent strategy. Tencent has yet to publicly address the acquisition.

Kuro Games' Success

Kuro Games has achieved considerable success with both Punishing: Gray Raven and Wuthering Waves, each generating over $120 million USD in revenue. The continued updates and the recent nomination of Wuthering Waves for a Players' Voice award at The Game Awards highlight the studio's ongoing achievements.

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