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 Holdings in Kuro Games

Majority Control Secured

Tencent's shareholding in Kuro Games has jumped to approximately 51.4%, achieved through the acquisition of an additional 37% stake. This, coupled with the departure of other shareholders, grants Tencent controlling interest and makes it the sole external investor. This expansion follows an initial investment made in 2023.

Maintaining Independence, Expanding Opportunities

According to sources within Kuro Games, as reported by Youxi Putao, the company will retain its operational independence. This mirrors Tencent's approach with other successful studios like Riot Games (League of Legends, Valorant) and Supercell (Clash of Clans, Brawl Stars). Kuro Games' official statement emphasizes that this strategic move will foster a more stable environment and support its long-term growth strategy. Tencent has yet to publicly acknowledge the acquisition.

Kuro Games' Successful Portfolio

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