Tag Archives: tencent

Tencent continues to reign as world’s largest games company

Chinese gaming giant Tencent has reported profits in excess of $1bn in its first financial quarter. Profits reached $1.1bn, up eight per cent year-on-year, while revenues jumped 22 per cent at $3.65bn. Operating profit climbed 20 per cent to $1.5bn. Online game revenue grew 29 per cent to $2.1bn while …

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Britney Spears signs with Glu for new mobile game

Mobile games publisher Glu has signed on new celebrity partner Britney Spears to a five-year deal. Games Industry reports the deal revolves around a mobile game featuring the pop star, with the untitled game currently scheduled for release in 2016. "I am thrilled to add Grammy Award-winning legend Britney Spears …

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Tencent buys 14.6% Glu Mobile stake

Tencent has acquired 14.6 per cent of Kim Kardashian: Hollywood developer Glu Mobile for $126 million. The firm has agreed to acquired 21 million shares at a price of $6 each. Head of Tencent’s Interactive Entertainment Group Steven Ma has also joined the US company’s board of directors as part …

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Tencent was 2014’s top-grossing public global games company

More money was ploughed into games made by Tencent in 2014 than those made by any other publisher. VentureBeat reports that Newzoo data showed that in FY 2014 Tencent’s games attracted revenues of $7.2bn. That’s up on 2013’s $5.3bn, which was also enough to see it top the rankings. It …

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Tencent acquires majority stake in Miniclip

Chinese mobile and web game giant Tencent is now in control of Swiss game company Miniclip. VentureBeat reports that the deal will expand Tencent’s ever-increasing presence in the European market. It already owns a majority stake in League of Legends creator Riot Games and a minority stake in Epic. It …

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Tencent game revenue tops EA, Sony – report

Mobile and free-to-play giant Tencent has been beating out AAA companies such as EA and Activision Blizzard in terms of game revenue, according to a new report. A recently published piece from Newzoo has the China-based corporation topping the 10 highest-grossing public game companies. EA and Activision Blizzard finished second …

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