Tencent Expands Gaming Portfolio with Kuro Games Stake

Tencent has acquired a 51.4% controlling stake in Kuro Games, the developer of Wuthering Waves, by purchasing shares from Hero Entertainment. Despite this acquisition, Kuro Games will continue to operate independently, similar to Tencent's approach with other subsidiaries like Riot Games and Supercell. The company believes this change will provide a more stable environment and support its long-term strategy.