Tencent Secures Majority Stake in Kuro Games

The Chinese tech giant now holds 51.4% of the Wuthering Waves developer, becoming its sole external shareholder while pledging operational independence.

Tencent acquired an additional 37% stake in Kuro Games from Hero Entertainment, increasing its total ownership to 51.4%.
This acquisition makes Tencent the only external shareholder of Kuro Games, which will continue to operate independently.
Kuro Games assured employees that the studio's operational strategy will remain unchanged, citing Tencent's hands-off approach with subsidiaries like Riot Games and Supercell.
Founded in 2014, Kuro Games is known for its action RPGs, including Punishing: Gray Raven and the recently launched Wuthering Waves.
Wuthering Waves, released in May 2024, generated significant revenue, with its mobile version earning over $126 million to date.