Tag Archives: tencent

Monster Hunter Online publisher and Riot Games owner Tencent has posted its Q1 financials, pointing to a prosperous year for the Chinese online gaming company.

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Tencent will reveal a new MOBA, rumored to be in development with ex-EA and Warcraft 3 veterans, during its annual press event April 18. Per some leaked screencaps and internal footage, ‘Ragme’ is set in a fantasy realm and is lane-based, according to an MMOCulture report. Tencent is in the process of bringing Activision’s Call of Duty Online to China and the firms holds a 40% stake in Epic Games and a majority stake in League of Legends developer, Riot Games. You can view the leaked footage below. Thanks, PCgamesN.

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Tencent’s most recent financial report gives details of the Chinese company’s June acquisition of a stake in Epic Games, and the appointment of two of its representatives to the Epic board of directors.

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China has had a long-standing love affair with traditional fantasy MMORPGs, but it seems like that relationship is starting to break down, as droves of gamers flock to action-heavy gaming experiences instead. An analyst at Niko Partners has shed light on the exodus.

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Tencent, the China-based Internet, mobile, and telecommunications company, has announced it has acquired a minority stake in Epic Games. “Tencent’s investment will empower Epic to help us do even more of what we do best, which is making great games and game technology, said Epic president Michael Capps. “Their expertise in the global online gaming market is second-to-none, and the opportunity to work with them to bring richer experiences to players all over the world is irresistible. Epic is excited to be full steam ahead on all of its current plans for this generation of games and the next, with the support of a fantastic partner that believes in our strategy and shares our dream.” Epic will continue operating independently while further expanding its franchises across multiple platforms. The deal is expected to close within one month and terms of the investment were not disclosed.

EA has announced plans to launch The Sims Social game in China with Playfish Beijing behind the day-to-day operations and Tencent as the online host through its Qzone platform. The title was released through Facebook in August 2011 and reported 50 million MAU within a few weeks. Total monthly active users at present, according to App Data, rests at 17 million. Thanks, Develop.

Pearl Research has estimated that during 2011, the online gaming market in China grew 32% to $6.6 billion.

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EA has announced that Need for Speed Hot Pursuit Tournament, has been added to QQ’s new Game Center, a division of Tencent.

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Riot Games president Marc Merrill has said the company’s recent majority acquisition by Chinese publisher Tencent will “open up more doors” for the League of Legends developer, which retains its “autonomy”.

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Riot Games has announced that Chinese firm Tencent Holings, an internet service provider, has purchased a majority stake in the firm for $400 million.

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