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

Tencent, the Chinese tech giant, has significantly increased its investment in Kuro Games, the developer of the popular mobile games Wuthering Waves and Punishing: Gray Raven. This move grants Tencent majority ownership.

Tencent's Expanded Investment in Kuro Games

Tencent's share acquisition boosts its ownership to approximately 51.4%. Following the departure of other shareholders, Tencent now holds a controlling stake and is the sole external investor. This expansion builds upon Tencent's initial investment in Kuro Games in 2023.

Maintaining Operational Independence

Despite the majority stake, Kuro Games assures continued 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' official statement emphasizes that this shift will foster a more stable environment and support its long-term independent strategy. Tencent has not yet publicly commented on the acquisition.

Kuro Games' Success and Future Outlook

Kuro Games has achieved considerable success with both Punishing: Gray Raven and Wuthering Waves, each generating over $120 million USD in revenue. The ongoing updates and continued success of these titles, including Wuthering Waves' nomination for The Game Awards' Players' Voice award, highlight the studio's potential for future growth under Tencent's backing.