News
Tencent confirms layoffs at Sharkmob London
It's unclear how many employees will be affected by the decision
Tencent
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Tencent rebukes layoff and restructuring rumours but admits changes at the top of the company
Reports that it is laying off 20% of its gaming staff have similarly been denied
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Tencent and Guillemot family reportedly planning Ubisoft buyout
Update: Ubisoft responds to reports, says it "regularly reviews all its strategic options"
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Tencent loans €15m to Remedy
Funding will support ongoing development and self-publishing efforts
Feature
Tencent expands Venture Lab initiative to better support early-stage developers worldwide
"A lot of the biggest successes start with a small studio," says team lead Juno Shin
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Tencent wins Gamescom's 2024 sustainability award
The award celebrates organisations that demonstrate public commitments to sustainable values
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Tencent is shutting down its free-to-play shooter Synced after just a year
Servers will be "retired" a year to the day the shooter was launched
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Dungeon & Fighter Mobile earns $270m in first month of China release
Nexon's title earned double that of Tencent's best-selling game Honor of Kings
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Tencent raises its stake in Remedy to 14%
The increase comes three years after the firm first acquired 3.8% of the studio back in 2021
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Tencent reportedly takes over two ByteDance games teams
The companies have allegedly merged to form a new Shenzhen-based studio
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Tencent acquires controlling stake in Swords of Legends dev Wangyuan Shengtang
Chinese games giant now owns over 94% of the Beijing developer, gains access to IP
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Tencent slashed investments in 2023
World's largest gaming company only made 39 deals last year, compared to 299 in 2021
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Tencent closes shop on Team Kaiju
The US studio was dissolved as many of its members were moved to other projects
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Report: Meta pens deal with Tencent to sell VR headsets in China exclusively
The agreement will mark the firm formerly known as Facebook’s return in 14 years
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Tencent to become majority shareholder of Techland
The Dying Light maker will retain control of its IPs and Pawel Marchewka will continue to be CEO
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LightSpeed Studios acquires UK developer Lucid Games
The Tencent Games subsidiary purchased the studio for an undisclosed amount
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Tencent investment marks "new beginning" for UK studio Lighthouse Games
"The shackles are off," CEO Gavin Raeburn tells us as former Playground Games studio director continues work on new AAA IP
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Tencent leads data.ai's Top Publisher Awards 2023 for the global mobile market
Among the top 50 publishers for 2022, 27 are based in the Asia Pacific, 12 in China, and 17 within the US
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China's games market reached $45.5bn in 2022
Tencent and NetEase represented 61% of the domestic PC and mobile market in 2021, but combined share in decline
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Sega and Tencent bow out of E3
Update: Devolver also skipping its usual "satellite events" around E3
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China games trade body calls for more restrictions on minors playing video games
Tencent pledges further measures in its games
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The Chinese government is set to take shares in Tencent
The "golden shares" are normally a one percent stake and include the ability to vote on business decisions
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Tencent purchases 20% stake in Korean game developer Shift Up
The acquisition continues the tech firms efforts to further invest in overseas firms
Feature
How Tencent is ramping up its global games business
Global games CEO Michelle Liu talks us through the firm's international strategy, the impact of China's gaming restrictions, and how AAA can build on a mobile strategy
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Tencent to stand trial in latest Mobile Legends legal battle
Recent suit filed by Moonton Technology accuses tech giant of multiple violations regarding the mobile title