Our latest coverage of tencent.
Tencent is not only gobbling up smaller studios but is also snapping up developers as games industry marketing veteran David Tyler joins the company as Director of Global Marketing for PC and console games. Tyler has over 20 years of marketing experience, including nearly 14 years at Activision Blizzard where he handles European marketing for Spider-man, James Bond, and Call [...]
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Earlier this year, we reported on Sony, Zhejiang Century Huatong Group, and Tencent’s plans to buy up Hong Kong based video game holding company, Leyou Technologies. Tencent eventually came out on top and have been exclusively negotiating with Leyou ever since. According to PC Games Insider, 97% of Leyou’s shareholders approved of the deal which means that Tencent will soon [...]
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Yesterday, US President Donald Trump signed a broadly-worded executive order banning WeChat and any transactions with Tencent in the US. The gaming community didn’t take the news lightly considering that the Chinese tech giant owns or has stakes in several big-name development studios. A White House official, however, clarified through the LA Times that the executive order only applies to [...]
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Just a few hours ago, the internet blew up when US President Donald Trump issued an executive order that prohibits any transactions with WeChat and its Chinese-owned parent company, Tencent pursuant to EO 13873 (Securing the Information and Communications Technology and Services Supply Chain) which was issued in May 2019. “The following actions shall be prohibited beginning 45 days after [...]
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Tencent is gobbling up video game development studios left and right and is continuing to expand their presence in the gaming industry. Yesterday, we reported that the Chinese entertainment and technology giant had fully-acquired Norwegian studio, Funcom. Now, it looks as if Leyou Technologies will also be joining the mega corporation. A few weeks ago, Sony announced their plans to [...]
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Chinese technology and entertainment giant, Tencent, has bought out Funcom and now has complete ownership of the Norwegian video game development studio. Funcom announced back in January that Tencent had made an offer to buy all of the studio’s shares, and it looks like the deal finally went through. “Following the completion of the voluntary offer, Tencent became the owner [...]
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Tencent is at it again. They're expanding their vast gaming empires with yet another acquisition. This time around they're purchasing Funcom, the Norweigan game developer best known for Conan Exiles and Anarchy Online, for $148M. While the deal was just announced and hasn't closed yet, Funcom's board of directors unanimously approved the detail and encouraged shareholders to vote in favor [...]
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Chinese tech giant Tencent will become even bigger as they enter into a share purchase agreement with Norwegian video game company Funcom. According to the official press release, Tencent has agreed to purchase 29% of Funcom’s shares making Tencent the company’s largest shareholder once the deal pushes through. Tencent also owns shares in many of the world’s top game companies [...]
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Honour of Kings has been one of Tencent’s top grossing and most successful games since it was released in China in 2017. The game’s western port Arena of Valor, however, didn’t quite do as well as they’d hoped, currently averaging just 150,000 daily active users in North America. According to Reuter’s sources, Tencent has effectively given up on the mobile [...]
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How many hours a day did you spend playing video games when you were a kid? If Tencent's new policy is any guide towards China's emerging gaming regulations, the likely answer to that question for future generations will be precisely '2 hours.' Earlier this week Tencent, China's largest gaming company and the owner of international hits like League of Legends, [...]
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