Tag Archives: tencent

Top 25 global games companies see revenues rise 17% in 2016

The combined revenue of the world’s largest 25 video games companies hit $70.4bn in 2016, representing a year-on-year increase of 17 per cent. Newzoo’s Global Games Market Report reveals that the largest of these was Tencent, whose $10.2bn revenues accounted for 10 per cent of this total. That would actually …

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Riot Games owner Tencent posts $21.9 billion in revenue for 2016

Tencent, the Chinese tech behemoth, and owner of League of Legends developer, Riot Games, has reported it made $21.9 billion in revenue for 2016. Diving deeper into thefinancial report for the year 2016, which was released today, Tencent report that “online games revenues grew by 16% YoY [year on year]” …

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Riot to host a third international League of Legends competition

During a press conference in China, Riot Games revealed that it plans to host a third international LoL tournament this year.  According to Yahoo eSports, Rioter Ye Qiang revealed that the company will host a new international competition in July this year. Further details are not known but he did …

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Tencent to buy Clash of Clans maker Supercell for $8.6bn

Chinese games giant Tencent has just spent big to buy Clash of Clans developer Supercell. The $8.6bn purchase was confirmed by the studio itself following a report by the Wall Street Journal. For that sum, the media giant will purchase a 84.3 per cent state in the Finnish developer. The …

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Tencent grabs 5% stake in Paradox

Chinese gaming giant Tencent has spent around 14.3m to acquire a five per cent share of Paradox Interactive. The deal values the company at approximately 286m. Paradox CEO Fredrik Wester stays on as a key shareholder with a 33.3 per cent share of the company. Investment firm Splitan owns 30.5 …

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