![]() ![]() ![]() ![]() ($1 = 6.5619 Chinese yuan renminbi) (Reporting by Pei Li and Tony Munroe. Tencent, which has benefited from a surge in paying gamers, said last week its online games revenue rose 29% to 39.1 billion yuan in the fourth quarter. In 2020, Honor of Kings alone generated close to 2.5 billion in. A new job posting for publisher Tencent points to Pokémon Unite developer TiMi Studio Group as the team behind an unannounced Need for Speed mobile game. Tencent did not immediately reply to a Reuters request for comment. Established in 2008 within Tencent, TiMi is behind popular mobile titles such as Honor of Kings and Call of Duty Mobile. The sources declined to be identified because the information is not public. Aurora Studios Group, boosted by its Moonlight Blade Mobile title, contributed 3%, the people said. About TiMi Studio Group TiMi Studio Group, a subsidiary of Tencent Games, is a leading global video game development and operation team headquartered in Shenzhen, China, with offices in Los. Of Tencent’s remaining gaming revenue last year, its Lightspeed and Quantum studio, the developer of PUBG Mobile, another top-grossing game, contributed 29%, the people said, while 26% was proceeds from publishing for other developers. TiMi, a subsidiary of Tencent Games and headquartered in Shenzhen, is the creator of blockbuster mobile games. It’s now set to create multi-platform AAA games that will capture the imagination of players worldwide. Chinese tech giant Tencents (0700.HK) Timi Studios, maker of popular video games Honor of Kings and Call of Duty Mobile, generated revenue of 10 billion last year, two people with direct. Timi’s proceeds accounted for 40% of the game revenue, said the two people. TiMi, a subsidiary of Tencent Games and headquartered in Shenzhen, is the creator of blockbuster mobile games that include Call of Duty: Mobile, Pokmon UNITE, Arena of Valor and Honor of Kings. Last week, Tencent reported 156.1 billion yuan ($23.79 billion) in overall online game revenues for 2020 but did not break down revenue for individual studios, which are run independently and compete with each other. Regulators have already issued multiple warnings to metaverse game developers out of concern of market manipulation.This advertisement has not loaded yet, but your article continues below. The 10 billion would make Timi the world’s largest developer, the sources say, which many industry watchers had suspected to be the case. The concept has become a buzzword for smaller companies that may be after quick profits, especially for firms that are listed on China’s stock bourses. Chinese tech giant Tencent’s Timi Studios, maker of popular video games Honor of Kings and Call of Duty Mobile, generated revenue of 10 billion last year, sources told Reuters. Baidu has launched a metaverse environment called Xirang, which is described as a virtual workspace and marketplace for users. Major Chinese tech companies recognize the metaverse as a part of their operations in the future, and are slowly shaping the ways people will live, work, and interact digitally.īyteDance acquired VR headset maker Pico in August 2021 and invested in another Beijing-based VR developer in November last year. It wrote checks for more than 67 video game companies in 2021, including Roblox, 36Kr reported. In September 2021, Tencent applied for two trademarks, “Kings Metaverse” and “TiMi Metaverse,” which are references to the company’s hugely popular mobile game Honor of Kings and one of its subsidiary video game studios, TiMi. Games are one of the most accessible ways to engage with the metaverse-and the medium that Tencent will lean on in its endeavors. Pony Ma, chairman and CEO of the company, told investors during its 2021 Q3 earnings call that Tencent will build its own metaverse through “multiple pathways.” Tencent is one of the largest video game companies in the world. The tech giant will acquire Black Shark for RMB 2.7 billion (USD 420 million) and says it will provide games and content to the hardware maker. This will mark Tencent’s first investment in a hardware maker related to its metaverse business. Chinese tech giant Tencents Timi Studios, maker of popular video games Honor of Kings and Call of Duty Mobile, generated revenue of 10 billion last year, two people with direct knowledge of the matter told Reuters. Big revenue gains give heft to Tencent’s ambitions to expand in ‘AAA’ titles on platforms such as PC, PlayStation, Nintendo Switch and Xbox as the company pursues overseas expansion. News Baidu launches Xirang metaverse environment ![]()
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