League of Legends, Fortnite, Clash of Clans, the distribution in China of Nintendo Switch … The games, gaming and distribution agreements that operate Tencent Gaming, the video game division of the Asian tech giant, has led the firm to become the largest company in the sector by volume of revenue, exceeding that of Nintendo and Microsoft’s games division combined.
In the last quarter of 2019, Tencent Gaming ingres 5220 millones of dlares. Microsoft, the fourth largest company in the sector, announced revenues of $ 2.830 million, followed by Nintendo with $ 2,280 million. The second firm in the sector, Sony, is a long way from Tencent with $ 3.879 million earned by its video game division. The same happens to Apple, who entered for video games (including micropayments of the titles free to play from the App Store) approximately $ 2.88 billion.
Tencent’s studios and games
The data comes from a report published by ForexSchoolOnline, where it is pointed out where the success of the brand comes from, which has not stopped making total and partial acquisitions during the last decade. The firm owns Riot Games, the developers of LoL and Valuing. They have 40% of the shareholding of Epic Games, which in addition to battle royale most successful on the market has the Unreal Engine graphics engine and the also popular Rocket League. To this must be added an ownership of 84% of SuperCell, the creators of Clash Royale and Brawl Stars.
In addition, the brand has distribution agreements for versions adapted to China of great sagas of Western games and develop titles such as Call of Duty Mobile and the next Pokmon Unite, in addition to own sagas such as Arena of Valor. It also operates the Chinese Steam, WeGame, and has made investments in platforms streaming like Bilibili and Huya.
In 2019, Chinese consumers were able to purchase the console through common sales channels Nintendo Switch. The system did not officially arrive in the country until Nintendo reached a distribution agreement with Tencent.
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