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

Tencent, a leading Chinese tech company, has reportedly secured a majority stake in Kuro Games, the developer behind the popular mobile games Wuthering Waves and Punishing: Gray Raven. This acquisition significantly alters the landscape for both companies.

Tencent's Increased Investment in Kuro Games

Tencent's share in Kuro Games has jumped to approximately 51.4%, making it the majority shareholder. This follows an initial investment in 2023 and the subsequent departure of other shareholders. Tencent is now the sole external investor in Kuro Games.

Maintaining Independence While Expanding Reach

Despite Tencent's controlling interest, reports suggest Kuro Games will retain its 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' official statement emphasizes that this partnership will foster a more stable environment and support its long-term growth strategy. Tencent has not yet publicly commented on the acquisition.

Kuro Games' Successful Portfolio

Kuro Games is a prominent Chinese game developer, known for its high-quality action RPGs. Punishing: Gray Raven and Wuthering Waves have both achieved considerable success, each generating over $120 million in revenue. The continued updates and Wuthering Waves' recent nomination for The Game Awards' Players' Voice award underscore their ongoing success.