Tencent, China’s technology and video game giant, has minority stakes in a number of studios while having majority control over others. Some names under the company belt include people like Ubisoft, Epic Games, Riot Games, Funcom, and many more. Incredibly, who might be known by their western company and Xseed’s localization brand, Senran Kagura, and Season Story the publisher, is the latest to join the list. To date, 20% of Japanese developers and publishers are owned by Tencent, valued at around 7 Billion Yen or US $ 66 million.
Investments come through a Chinese affiliate, Picture Frame Investments. This is not the first time we have heard the names of these two companies mentioned together. Back in March 2019, Tencent gave the go-ahead and a Marvelous license to develop Season Story cellphone port.
Ace Research Institute analyst Hideki Yasuda, share his thoughts on the deal and what might happen from Tencent’s control of 20% of Marvelous. He confirmed it as a curiosity from China to learn how to develop game consoles, while helping Marvelous continue their project and create more titles. Not only that, this injection of money will no doubt help Japanese studios get through the ongoing pandemic and its economic impact.
The reason for Tencent to invest is possible to learn how to make game consoles from Japanese companies, one of the last limits for the Chinese tech company’s game business. This investment will help an extraordinary journey through a period of global economic uncertainty, and release more titles that are popular domestically to Western markets.
No titles under development at Marvelous have been announced or announced, but the studio promises to release new entries as well as unique IPs over the next three years.
What do you think of Tencent’s growing grip on the gaming industry? Who will they go next? Let us know your thoughts in the comments section below.
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