Tencent is the world’s biggest video game company – Polygon

March 10, 2022

Tencent is the world’s biggest video game company – Polygon:

When it comes to the games part of that, Tencent’s dominance is prodigious yet stealthy. By revenue, it’s the world’s largest video game publisher, with approximately $6.7 billion in game revenue in the fourth quarter of 2020. Online games make up a major portion of its profits at 32%, and many of those products target mobile players in the domestic Chinese market. These include Peacekeeper Elite, which is the Chinese version of PUBG Mobile, and the wildly popular Honor of Kings, which is the dominant MOBA game in China. Then there is Riot Games’ League of Legends, a game that is now Tencent’s flagship PC game in China, and whose studio was also completely bought out by Tencent, with the firm finalizing its purchase of Riot Games in 2015. The company’s streak of game industry investments has continued at a rapid pace; research firm Niko Partners estimated that, on average, for most of the first half of 2021, Tencent closed one games deal every 2.5 days.

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