Tencent, a world-renowned gaming company, will join the Polish developer, known for the open-world zombie game Dying Light, with one more member of the sprawling portfolio.
In a letter to players, owner of Techlands, Pawe Marchewka, announced that Tencent is looking to become the major shareholder in the gaming industry. The deal was never disclosed.
We’ll be able to make a decision about the project & execute the goal. We have chosen a liar who has already partnered with some of the world’s finest video game companies and helped them reach new heights, while respecting their ways of doing.
Tencent is a gaming and publishing behemoth for two decades in the world. In its investing, and investing in studios have made it a world-wide revenue boom. Some of the larger deals he reached include full acquisition of Riot Games, creator of League of Legends, a majority stake in Clash of Clans and Supercell, becoming the largest shareholder in Ubisoft, the creator behind Assassins Creed, and a stake in Fortnite developer Epic Games as well as Krafton’s.
According to public data gathered by Crunchbase, China’s investment pace has slowed significantly in recent times, with only 11 deals being recorded in Q1 this year, down from 35 and 34 in the same period in the previous two years.
Tencent is known for a hands-off approach to its gaming portfolios, even those that it owns totally. Probably reveals that those western gaming companies have very different cultural norms than some Chinese internet giants like themselves. Tencent has a key to the world’s largest gaming market by making use of valuable IPs generated by these studios.
Indeed, Pawe assured the players that Techland will keep ownership of our IPs, maintain creative freedom, and continue to operate the way we believe that the whole process is right. He’ll continue to work as CEO of the studio.
Inside Tencents wants to create a Triple A console game.