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 popular titles Wuthering Waves and Punishing: Gray Raven, securing a majority stake. Let's explore the implications of this acquisition.

Tencent's Expanded Investment in Kuro Games

Majority Shareholder Status Achieved

Tencent's shareholding in Kuro Games has risen to approximately 51.4%, solidifying its position as the majority shareholder. This follows a previous investment in 2023 and the subsequent departure of other shareholders. Tencent is now the sole external investor in Kuro Games.

Despite this significant investment, Kuro Games assures its continued operational independence. This approach mirrors Tencent's strategies with other successful studios like Riot Games (developers of League of Legends and Valorant) and Supercell (Clash of Clans and Brawl Stars). Kuro Games' official statement highlights that this acquisition will foster a "more stable external environment" and support its long-term independent growth strategy. Tencent has not yet publicly commented on the acquisition.

Kuro Games' Success and Future Outlook

Kuro Games is a prominent Chinese game developer, celebrated for its action RPG, Punishing: Gray Raven, and the recently released open-world adventure RPG, Wuthering Waves. Both games have achieved remarkable success, generating over $120 million USD in revenue each. The ongoing updates and continued player engagement demonstrate their popularity. Wuthering Waves' recent nomination for Players' Voice at The Game Awards further underscores its critical acclaim.