Tencent becomes major stakeholder in Wuthering Waves’ creator Kuro Games

Tencent Acquires Majority Stake in Kuro Games, Bolsters Wuthering Waves' Future

Tencent's expansion into the gaming industry continues with its acquisition of a 51% controlling stake in Kuro Games, the developer behind the popular action RPG, Wuthering Waves. This follows earlier rumors in March, with Tencent purchasing a 37% share from Hero Entertainment, becoming the sole external shareholder.

While Tencent now holds majority ownership, Kuro Games assures employees that its independent operations will remain unchanged, mirroring Tencent's approach with studios like Riot Games and Supercell. Creative control will largely stay with the Kuro Games development team.

This acquisition is consistent with Tencent's extensive portfolio of gaming investments, including significant stakes in Ubisoft, Activision Blizzard, and FromSoftware. The investment significantly strengthens Kuro Games' position in the adventure RPG market.

Wuthering Waves itself is experiencing significant momentum. Version 1.4 recently launched the Somnoire: Illusive Realms mode, two new characters, weapons, and upgrades. Players can also utilize available in-game codes for additional rewards.

The upcoming version 2.0 update promises even more, introducing the new explorable nation, Rinascita, along with characters Carlotta and Roccia. Crucially, version 2.0 will also mark Wuthering Waves' debut on the PlayStation 5, expanding its reach across major platforms.

Tencent's investment provides Kuro Games with enhanced long-term stability, paving the way for continued success with Wuthering Waves and future projects.