Wuthering Waves’ Kuro Games Taken Over by Tencent as Majority Shareholder

Tencent Acquires Majority Stake in Kuro Games, Developer of Wuthering Waves and Punishing: Gray Raven

Tech giant Tencent has significantly increased its investment in Kuro Games, the acclaimed developer behind the popular mobile games Wuthering Waves and Punishing: Gray Raven. This move grants Tencent a controlling stake in the company.

Tencent's Increased Holdings

Tencent now holds approximately 51.4% of Kuro Games' shares, solidifying its position as the majority shareholder. This follows a previous investment in 2023 and the departure of other shareholders. Tencent is now the sole external investor in Kuro Games.

Maintaining Independence

Despite the acquisition, Kuro Games assures fans that it will maintain its operational independence. The company cites this move as a means to secure a more stable future and support its long-term growth strategy. This approach mirrors Tencent's relationship with other successful game studios like Riot Games (League of Legends, Valorant) and Supercell (Clash of Clans, Brawl Stars). Tencent has yet to release an official statement on the matter.

Kuro Games' Success

Kuro Games has achieved considerable success with both Punishing: Gray Raven and Wuthering Waves, each generating over $120 million USD in revenue. The continued updates and success of these titles, including Wuthering Waves' recent nomination for The Game Awards' Players' Voice award, highlight the studio's strength and potential.