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

Tencent, the Chinese tech giant, has significantly increased its investment in Kuro Games, the developer of the popular titles Wuthering Waves and Punishing: Gray Raven. This move grants Tencent majority ownership.

Tencent's Expanded Investment in Kuro Games

Tencent's share in Kuro Games has risen to approximately 51.4%, securing a controlling stake. 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 this significant investment, Kuro Games assures continued operational independence. This mirrors Tencent's approach with other successful studios like Riot Games (League of Legends, Valorant) and Supercell (Clash of Clans, Brawl Stars). Kuro Games' official statement emphasizes that this acquisition will foster a "more stable external environment" and support its long-term independent growth strategy. Tencent has yet to release an official statement.

Kuro Games' Success

Kuro Games has achieved notable success with both Punishing: Gray Raven and Wuthering Waves. Each title has generated over $120 million USD in revenue and continues to receive regular updates. The recognition of Wuthering Waves with a Players' Voice nomination at The Game Awards further underscores the studio's achievements.