Tencent Acquires Majority Stake in Wuthering Waves' Kuro Games

Tencent, a leading Chinese technology company, has reportedly secured a controlling 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

Majority Shareholder Status Achieved

Tencent's acquisition of roughly 37% of Kuro Games' shares boosts its overall ownership to 51.4%. With the departure of other shareholders, Tencent now holds a controlling interest and is Kuro Games' sole external investor. This expansion follows an initial investment made by Tencent in 2023.

Maintaining Operational Independence

According to sources within Kuro Games, cited by Chinese news outlet Youxi Putao, the company will retain its operational independence. This model 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 acquisition fosters a "more stable external environment" and supports its long-term independent growth strategy. Tencent has not yet publicly commented on the acquisition.

Kuro Games' Success and Future Prospects

Kuro Games is a prominent Chinese game developer renowned for its action RPG Punishing: Gray Raven and the recently released open-world RPG Wuthering Waves. Both titles have achieved considerable commercial success, each generating over $120 million USD in revenue and continuing to receive regular updates. Wuthering Waves' recognition extends to a Players' Voice nomination at The Game Awards.