Tencent acquires majority stake in Kuro Games

Kuro Games to continue to operate independently, company says.

Tencent has acquired approximately 37 percent of the shares of Wuthering Waves developer Kuro Games from Hero Entertainment, and now holds a 51.4 percent controlling stake in the company. Tencent is now also the only external shareholder of Kuro Games.

In an internal memo, Kuro Games said that while Tencent’s shares now surpass those held by Kuro Games itself, Tencent has assured the company that its strategy of independent operations will remain unchanged, similarly to how Tencent operates with subsidiaries Riot Games and Supercell.

Kuro Games said that it believes the change will create a more stable external environment for the company and support its long-term strategy of independent operations.

Thanks, Youxi Putao.