Tencent becomes major stakeholder in Wuthering Waves’ creator Kuro Games

Tencent Acquires Majority Stake in Kuro Games, Boosting Wuthering Waves' Future

Tencent's expansion into 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 change in ownership structure, Kuro Games has reassured employees, in an internal memo, that its independent operations will remain unchanged. This mirrors Tencent's approach with other studios like Riot Games and Supercell, prioritizing developer autonomy.

This acquisition isn't unexpected, given Tencent's extensive portfolio of gaming investments, including stakes in Ubisoft, Activision Blizzard, and FromSoftware. This move significantly strengthens Tencent's presence in the action RPG market.

Wuthering Waves, currently enjoying success with its version 1.4 update (featuring the Somnoire: Illusive Realms mode and new characters, weapons, and upgrades), is poised for even greater expansion. The upcoming version 2.0 update promises the addition of a new explorable nation, Rinascita, along with new characters Carlotta and Roccia. Furthermore, the game will finally launch on PlayStation 5, becoming available 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.