Timi Studios, owned by Chinese tech giant Tencent, generated $ 10 billion in revenue last year. This was reported to Reuters by two people with direct knowledge of the situation. If their information is correct, Timi Studios is the largest game developer in the world (by revenue), which matches the opinion of many industry experts.
The company behind popular games such as Honor of Kings and Call of Duty Mobile aims to go beyond mobile games and compete directly with the world’s heavyweights developing high-end AAA games on platforms such as desktops, Sony PlayStation, Nintendo Switch and Microsoft. Xbox. This is evidenced by the job advertisements published last month.
Tencent is known to be building two studios in Los Angeles, one of which is for Timi. The studio’s staff will have to create “content with original intellectual property that has global appeal.” As a result, Tencent aims to generate half of its gaming revenue outside of China. For comparison: in the fourth quarter of 2019, this figure was 23%.