Kuro Games Remains Independent Despite Tencent’s Majority Stake Acquisition

Tencent has acquired a majority stake in Kuro Games, the developer behind the popular action RPG Wuthering Waves. The Chinese tech giant now holds 51.4% of the shares, surpassing Hero Entertainment’s previous 37% stake. Despite this acquisition, Kuro Games has assured fans and stakeholders that it will continue to operate independently, similar to Tencent’s approach with other subsidiaries such as Riot Games and Supercell.

This move is part of Tencent’s ongoing strategy to expand its reach in the gaming industry, though it remains committed to preserving Kuro Games’ operational autonomy. According to Youxi Putao, in an internal memo, Kuro Games expressed confidence that the new arrangement would foster a more stable external environment, enabling the company to execute its long-term plans while maintaining its creative freedom.

Wuthering Waves, which launched in May 2024, has already garnered over 30 million downloads across platforms. The game has impressed players with its fast-paced combat and dynamic open-world exploration, which includes unique mechanics like dodging, parrying, and countering in battle. Kuro Games recently celebrated the milestone by gifting in-game items to its community.

Looking ahead, Tencent’s influence could help the developers expand its global reach, with Wuthering Waves continuing to grow its fan base. The game’s upcoming updates, including the PS5 version set to release in January 2025, are highly anticipated by fans eager to explore its vast world. While there’s some uncertainty among fans, it remains committed to its independent path, with Tencent offering crucial support.

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