Tencent becomes major stakeholder in Wuthering Waves’ creator Kuro Games

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

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

While Tencent now holds majority ownership, Kuro Games has reassured its employees that its independent operations will remain unchanged, mirroring Tencent's approach with other studios like Riot Games and Supercell. This emphasizes a commitment to maintaining creative control within the development team.

This acquisition is unsurprising given Tencent's extensive portfolio, including investments in major gaming companies such as Ubisoft, Activision Blizzard, and FromSoftware. The addition of Kuro Games significantly strengthens Tencent's presence in the action RPG market.

Wuthering Waves, currently enjoying success with its version 1.4 update (featuring the Somnoire: Illusive Realms mode and new characters, weapons, and upgrades), is poised for even greater growth. The upcoming version 2.0 update promises a new explorable nation, Rinascita, along with additional characters (Carlotta and Roccia), and a highly anticipated PlayStation 5 release, bringing the game to all major platforms.

Tencent's investment provides Kuro Games with enhanced long-term stability, promising a bright future for Wuthering Waves and future projects.