![]() Timi, meanwhile, is looking to shift away from its focus on mobile games to develop for other platforms, including desktop computers, Sony’s PlayStation, Nintendo’s Switch and Microsoft’s Xbox. The company aims to eventually derive half its gaming revenue from outside China, up from 23 percent in the fourth quarter of 2019. Tencent is building studios overseas, including Los Angeles bases for Timi and Lightspeed and Quantum, as it looks to shift to developing original intellectual property. Tencent said its online games revenue rose 29 percent quarter-on-quarter to 39.1bn yuan for the fourth quarter, amidst a surge in paying gamers. Chinese tech giant Tencent’s Timi Studios, maker of popular video games Honour of Kings and Call of Duty Mobile, generated revenue of US10 billion last year, two people with direct knowledge of. Timi Studios’ Honour of Kings International expansion Reuters said Timi accounted for 40 percent of Tencent’s gaming revenues, followed by the Lightspeed and Quantum studio, developer of the popular game PUBG Mobile, at 29 percent.Īnother subsidiary, Aurora Studios Group, which develops Moonlight Blade Mobile, accounted for 3 percent, while another 26 percent reportedly derived from publishing games for other developers. Tencent last month reported a total of 156.1bn yuan (£17.2bn) in online gaming revenues for 2020, but did not break down the figures for the individual studios it owns, which are run independently and compete with one another. Surge in demandįor comparison, Activision Blizzard, the company that develops the Call of Duty game series, in February reported $8.1bn in revenue for 2020, up 25 percent year-on-year. Timi has made its name by developing mobile games based on other companies’ properties, including popular titles Call of Duty Mobile and Honour of Kings, as well as Arena of Valour, Pokemon Unite, Speed Drifters and others. The figure would make Timi the world’s biggest videogame developer by revenue, Reuters estimated. Tencent’s storied gaming studio TiMi is looking to accelerate international expansion by tripling its headcount in the U.S. The figure reported by the Reuters news agency, citing two unnamed sources familiar with the matter, makes Timi the latest company to see a huge spike in demand driven by the coronavirus pandemic, along with video-streaming platforms and teleconferencing services. ![]() (Reporting by Pei Li and Tony Munroe.Timi Studios, a gaming division of Chinese tech giant Tencent, reportedly generated $10 billion (£7bn) in revenues last year, which would make it the world’s single biggest studio. After this incident, the game and its related esports. It was developed by Tencent’s TiMi Studios, which also developed Honor of Kings and Call of Duty: Mobile. QQ Speed, while not a game well known in the West, is a popular racing mobile title in China. Tencent, which has benefited from a surge in paying gamers, said last week its online games revenue rose 29% to 39.1 billion yuan in the fourth quarter. As late as December 2019, Tencent was still promoting LGM during the competition. ![]() Tencent did not immediately reply to a Reuters request for comment. The sources declined to be identified because the information is not public. Aurora Studios Group, boosted by its Moonlight Blade Mobile title, contributed 3%, the people said. In 2020, Honor of Kings alone generated close to 2. Of Tencent's remaining gaming revenue last year, its Lightspeed and Quantum studio, the developer of PUBG Mobile, another top-grossing game, contributed 29%, the people said, while 26% was proceeds from publishing for other developers. Established in 2008 within Tencent, TiMi is behind popular mobile titles such as Honor of Kings and Call of Duty Mobile. Timi's proceeds accounted for 40% of the game revenue, said the two people. Last week, Tencent reported 156.1 billion yuan ($23.79 billion) in overall online game revenues for 2020 but did not break down revenue for individual studios, which are run independently and compete with each other. Such games feature long sessions and in-depth storytelling or battles, with some including multiplayer online role-playing or online battle arenas. ![]() Many major studios are turning to Tencent for support to convert their "hardcore" desktop or console games to mobile. Tencent aims eventually to derive half its game revenue from overseas, from 23 percent in the fourth quarter of 2019, the most recently available figure. Tencent is building studios overseas, including one for Timi and one for Lightspeed and Quantum, both in Los Angeles, with the goal of creating content with original intellectual property that has global appeal. ![]()
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