Tencent acquires 20 percent stake in SHIFT UP

Second largest shareholder after founder Kim Hyung Tae.

Chinese conglomerate Tencent has acquired a 20 percent stake in SHIFT UP, the Korean studio behind mobile games Destiny Child and Goddess of Victory: Nikke, as well as the upcoming PlayStation 5 title Stellar Blade. After the stock acquisition, Tencent is second largest shareholder after SHIFT UP founder Kim Hyung Tae.

Tencent subsidiary Level Infinite is already the global publisher of science-fiction RPG shooter Goddess of Victory: Nikke, which launched for iOS via App Store and Android via Google Play on November 4 worldwide.

Stellar Blade, a post-apocalyptic action game published by Sony Interactive Entertainment, is due out for PlayStation 5 in 2023 worldwide.

Thanks, Youxi Chaguan.