Tencent is building studios overseas, including one for Timi and one for Lightspeed and Quantum, both in Los Angeles, with the goal of creating content with original intellectual property that has global appeal. In a recruitment notice last month, a Timi engineer wrote that the company aims to create a new AAA game that resembles the virtual community from the movie Ready Player One, and will “compete head-to-head against big powers from Japan, Korea, Europe and U.S.” The two companies announced that the game is in development and that itll bring the hunting. Capcoms popular Monster Hunter series is getting the mobile treatment as it partners with Tencents Timi Studio. It also provides a hefty basis for its ambitions to move beyond mobile games and compete directly with global heavyweights developing expensive “AAA” titles on platforms such as desktop computers, Sony’s PlayStation, Nintendo’s Switch and Microsoft’s Xbox. Tencents Call of Duty Mobile studio is making a mobile version of Capcoms popular title. The $10 billion would make Timi the world’s largest developer, the sources say, which many industry watchers had suspected to be the case. 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. The success of its mobile games has brought Tencent and TiMI Studios massive recognition.FILE PHOTO: A logo of Tencent is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. This game is called "Honor of Kings" and is the Chinese mobile version that resembles "League of Legends," launched ahead of "Wild Rift."Īccording to Reuters's November 2020 report, "Honor of Kings" has amassed 100 million everyday users and gamers for its multiplayer online battle arena genre which has been a big contributor for the developers. Separately, the global reason for the developer's earnings may be due to "Call of Duty Mobile" but a similar reason for TiMi Studios' earnings was brought by the MOBA game that was only released in China. The COVID-19 pandemic is ongoing, and lockdown restrictions are still implemented, so the developers may continue to experience this for 2021 as well. Tencents Timi Studios, the studio behind Call of Duty Mobile and Honor of Kings, generated revenue of 10 billion - £7.23bn - in 2020. Additionally, it tops one of the largest gaming developers of the era, Activision Blizzard, which amassed $8 billion across its popular games.Īccording to several reports and enthusiasts, TiMi Studios can be safely named and crowned as the "world's largest developers" in the gaming industry as it earned massive funds for the company. April 2 (Reuters) - Chinese tech giant Tencent's (0700.HK) Timi Studios, maker of popular video games Honor of Kings and Call of Duty Mobile, generated revenue of 10 billion last year. This amount is an enormous sum for "Call of Duty Mobile" and TiMi Studios as it scales and lines up with several of the largest companies in the world, having the same sum as GameStop's 2020 earnings report. General Secretary of Internet Society of China Lu Wei, COO of Tencent Ren Yuxin, vice president of Tencent Mobile Business Group Lin Songtao and general manager of Tencent Open Platform Hou Xiaonan attended the conference. Timi Studios, a popular mobile gaming app developing studio from Tencent, has apparently generated 10 billion US Dollars worth of revenue last year, as per two people. 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. The 2015 Tencent Open Startegy Annual Conference got held at National Convention Center and COO of Tencent delivered a speech that Tencent would start new integration of resources to created more innovative and entrepreneurial platform for society. (Photo : (Photo by VCG/VCG via Getty Images))īEIJING, CHINA - APRIL 28: (CHINA OUT) (L-R) Hou Xiaonan, general manager of Tencent Open Platform, Lu Wei, general Secretary of Internet Society of China, Ren Yuxin, chief operating officer of Tencent, and Lin Songtao, vice president of Tencent Mobile Business Group, attend the 2015 Tencent Open Strategy Annual Conference at National Convention Center on Apin Beijing, China. TiMi Studio Group, the developer behind Tencent’s biggest hits such as Honour of Kings and Call of Duty: Mobile, is setting up a new studio in Singapore, according to the people, who declined to. 1, 2020 /PRNewswire/ Tencent Games’ TiMi Studios, the world’s premiere mobile development studio, revealed today that Honor of Kings, one of the world’s most popular games by number of players, set a new world record of 100 million average daily active users year to date.
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