Tencent's Closure of Team Kaiju Sends Shockwaves through US Gaming Industry

Chinese tech giant Tencent has closed down its U.S. video games studio, Team Kaiju, which was considered a crucial part of its global expansion plan to become a competitive game developer for the Western market. The studio had been working on a big-budget multiplayer game before being shut down, and its staff have been reassigned to other projects within Tencent. This move comes as Tencent aims to build studios overseas and develop games targeted at international markets.