Tag Archives: Tencent

Epic Games has always had a well-maintained position within the games industry thanks to the popularity of the Unreal Engine. However, the company has grown a huge amount over the last six years thanks to Fortnite. This has allowed Epic to rapidly spent large amounts of cash but the expenditures …

Tencent is continuing its gaming investment and acquisition spree. This time around, Tencent has bought up a majority share in Techland, the studio behind the Dying Light games.  The news was announced today by Pawel Marchewka, who founded the studio decades ago. While Tencent is now the majority shareholder in …

Over the past few years we have seen the influence and relevance of E3 dwindle, with many publishers opting instead to host their own much cheaper events – be it in-person or simply online. 2023 was meant to represent the grand return of E3, however it seems this may ultimately …

Last year, it came to light that Tencent was working on its own VR headset, in part to get in on the Metaverse trend. Now, it would seem that those plans have been scrapped.  According to a Reuters report, Tencent has cancelled its own VR hardware plans. Despite setting up …

For years, Tencent has grown its portfolio of gaming investments. The company owns minority stakes in many publishers and studios across the industry, but it doesn't have as many majority stakes, or wholly owned studios. That could change soon, as sources claim Tencent is now planning to be more aggressive …

We received huge gaming news earlier this week, after Kadokawa Corp. announced that it has sold off stakes in From Software to Sony Interactive Entertainment and Tencent. Previously, From Software has worked with multiple publishers, but moving forward, the company may begin self-publishing its games.  Sony and Tencent have each …

From Software has had an incredible run over the last decade, finding great success with the Dark Souls games, Bloodborne, and most recently, Elden Ring. From Software is already backed by Japanese media conglomerate, Kadokawa. but new investors are now being brought on board, including Sony and Tencent.  Sony and …

A few weeks ago, Logitech announced that it has teamed up with Tencent to launch its own gaming handheld, primarily focused on providing easy access to cloud gaming services like GeForce Now and Xbox Cloud Gaming. Despite plans to launch before the end of the year, Logitech did not show …

A few years back Ubisoft found itself in a very vulnerable position, with investment giant, Vivendi, looking to take over the company. Eventually Ubisoft was able to fight off the hostile takeover with some assistance from Tencent, which acquired a small stake in Ubisoft at the time. Now, Tencent is …

Logitech is working on its own gaming handheld, but unlike the Steam Deck, which focuses on installing and running games locally, Logitech's handheld will primarily cater towards cloud gaming.  In partnership with Tencent Games, Logitech G has announced plans to bring a cloud gaming handheld to market later this year. …

Cloud gaming is still a rather fringe technology, with many game developers, publishers and console manufacturers exploring the potential of the cloud for video games. Gaming and tech giant Tencent has announced the START ENGINE – a brand new video game engine developed specifically for Cloud gaming. Making the announcement …

The VR industry is in an interesting place. The technology has quickly evolved, allowing for all manner of impressive VR experiences. Unfortunately, currently, the most popular headset is the Quest 2 which has seen some controversy due to being owned by META (Facebook). Another competitor looks to be entering the …

Last week during an earnings call, Remedy Entertainment gave us some interesting updates on a few of its projects. Unfortunately, we won't be seeing Alan Wake 2 this summer, but the game is still on track for 2023. The studio also gave updates on new Control titles, the Max Payne …

Tencent has been expanding its roster of studios in recent years, putting significant investments into companies like Dontnod Entertainment, Remedy and others. In its latest move, Tencent has now acquired Spanish studio, Tequila Works.  Tequila Works is best known for Rime and The Sexy Brutale, both of which released to …

Inflexion might not be the most famous studio out there, but it has managed to catch the eyes of big investors. Created by ex-BioWare developers, including former general manager Aaryn Flynn, the studio has now been acquired by Tencent.  Aaron Flynn himself made the announcement via Twitter, linking to the …

PUBG Mobile has now won a major lawsuit targeting a group of cheat creators caught distributing and selling cheat tools for the game. The previously prolific group of hackers will now have to pay $10 million in damages, which will be re-invested in improving anti-cheat tools for the game.  Federal …

While Remedy Entertainment has historically been known for developing story-focused 3rd-person action adventure titles with interesting twists, the studio has started to branch out, with multiple new projects across different genres and perspectives. Remedy has now announced that the studio is working on a free-to-play co-op title. Making the announcement …

Tencent has quietly expanded a ton in recent years, adding new studios to its roster and making strategic investments in a number of independent studios. The company's latest acquisition is a pretty major one – with Tencent picking up Turtle Rock Studios.  Turtle Rock Studios made a name for itself …

China’s approach to governing a country can be seen by many ‘Western’ nations as being much more aggressive in its involvement in the personal lives of its citizens. This was seen with the country’s one child policy, and now, the government is limiting the number of hours that children can …

Recently we reported that NetEase was in final talks with SEGA’s Toshihiro Nagoshi to poach the Yakuza creator, bringing him under the Chinese company's wing and giving him the freedom to create a new studio and IPs. It looks like NetEase isn’t the only Chinese-based company with an eye on …

SUMO Group is a British holding company known best for its subsidiary SUMO Digital. In a surprise announcement, it has now been revealed that Tencent, the Chinese multinational technology conglomerate, has acquired it, and its subsidiaries, in a deal that is north of a Billion Dollars. As Reported by Reuters, …

We've known for a while now that Tencent is looking to acquire more game developers and according to reports this week, it may have its eyes on Crytek. Sources this week claim that Tencent is looking to acquire Crytek. According to German news outlet, Bild, Tencent is looking to acquire …

Yager Development, the studio behind Spec Ops: The Line, The Cycle and a cancelled version of Dead Island 2, is now the latest game developer to attract interest from Tencent.  Following on from acquiring a minority stake in Remedy Entertainment last month, Tencent has now acquired a majority stake in …

We've known for some time now that Remedy Entertainment is partnering up with Epic Games on future projects. This appears to have piqued Tencent's interest, leading to the company acquiring a minority stake in Remedy.  Tencent is adding Remedy Entertainment to its long, growing list of video game studio investments. …

Tencent has invested in a lot of US-based game studios over the years, the biggest of which is ownership over Riot Games and a 40 percent stake in Epic Games. However, depending on negotiations with US authorities, Tencent could be forced to sell its investments.  As reported by Reuters, Tencent …

The video game cheats business is huge, with some companies raking in millions by selling subscriptions to consistently updated cheats for different games. Perhaps the largest video game cheating operation was recently shut down, after a crackdown by police in China.  According to The BBC, Chinese police in the city …

It looks like several major gaming companies have found a new cloud tech firm to get behind. This week, Sony, Square Enix and Tencent invested in Ubitus, a Japan based cloud gaming company. Ubitus was founded in Taiwan initially back in 2007 and later moved its headquarters to Japan. Previously, …

Tencent has been investing in smaller but successful video game companies lately. Recently, Tencent acquired a stake in DontNod Entertainment and now this week, it has also acquired a stake in Bohemia Interactive. Bohemia Interactive is best known for DayZ and the Arma series. In a press release this week, …

While Don't Nod seemed like a studio primed to be acquired by a larger publisher, it seems that the company is intent on staying independent for the time being by taking on investors. The latest company to invest in the studio is none other than Tencent, which now owns a …

In recent years, Tencent has become a major player in the video games industry. The Holdings company is perhaps best known for investing in other companies and studios. That being said, Tencent has now announced that it has opened a brand new studio in Los Angeles, which will focus on …