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." ![]() 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. 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 story was updated on Novemwith comments from TiMi Studios.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, two people with direct knowledge of the matter told Reuters. “One of our great successes has been capturing historic moments, which were otherwise mostly irrelevant to young people today, and fuse them with modern aesthetics to bring them to life in Honor of Kings,” he added. “I want to see it take on a life of its own and continue to resonate with and thrive among players for generations to come.” “There is still plenty of room to further grow and develop the Honor of Kings IP in China,” Li Min, the game’s director and general manager of TiMi Studios, told TechCrunch. TiMi told TechCrunch that it’s not involved in the development process of Riot’s new mobile title.Īs part of the announcement, TiMi also revealed that it’s capitalizing on Honor of Kings for IP derivative works, including two new games in unspecified new genres, an anime, and a TV series. It now comes the time for Riot, fully acquired by Tencent in 2015, to test its own interpretation, Wild Rift. The overseas edition of Honor of Kings, called Arena of Valor, has had limited success outside Asia. TiMi unveiled its milestone at a time when Riot Games is testing a mobile version of League of Legends, widely seen as the desktop blockbuster that had inspired Honor of Kings in the first place. Tencent has since tightened age verification checks for players, now standard practice in China’s gaming industry. A state newspaper chastised it for hooking young users and misrepresenting historical events. The title has an unusually high female player base - around 50% - for a genre dominated by males.Ĭontroversy has also arisen amid Honor of Kings’ fervor. The game is credited for popularizing the multiplayer online battle arena (MOBA) category in China using clever designs like short sessions, friendly controls, esports integration, and social networking leverage, as games analyst Daniel Ahmad pointed out. The brain behind Honor of Kings is TiMi Studios, which ramped up hiring in the U.S. The title has not only broken user records but generated other unprecedented accomplishments along the way.įor one, it consistently ranks among the top-grossing mobile games worldwide, jostling with PUBG Mobile made by another Tencent studio Lightspeed & Quantum - gaming has long been the cash cow for Tencent, better known for its WeChat messenger. ![]() At its five-year anniversary gala graced by celebrities, esports stars and orchestras, Tencent’s mobile game Honor of Kings said it has crossed 100 million daily active users.
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