($1 = 6.5619 Chinese yuan renminbi) (Reporting by Pei Li and Tony Munroe. 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. TiMi Studio Group Tencent Games (Mainland China) Level Infinite (Global) Li Min (Game Director) Laurent Courbier Edouard Brenneisen Ting Si Hao Jingqing. 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. 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. 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. This advertisement has not loaded yet, but your article continues below. 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. In a recruitment notice last month, a Timi engineer wrote that the company aims to create a new AAA game that resembles the virtual community from the movie Ready Player One, and will “compete head-to-head against big powers from Japan, Korea, Europe and U.S.” The next issue of Financial Post Top Stories will soon be in your inbox. Chinese tech giant Tencent's (0700.HK) Timi Studios, maker of popular video games Honor of Kings and Call of Duty Mobile, generated revenue of 10 billion last year, two people with direct. If you don't see it, please check your junk folder. That Tencent and TiMi Studio Group want to expand their reach with Honor of Kings in a climate that seems almost inexhaustibly hungry for new mobile games makes perfect sense.A welcome email is on its way. Even in markets like the United States and Europe, where there’s an unfortunate stigma attached to mobile gaming, it still dominates the gaming revenue and download charts with breakout hits like Genshin Impact and, more recently, Diablo Immortal. Games like Call of Duty Mobile, Candy Crush, and PUBG Mobile rake in billions of dollars annually. Mobile games are the most popular form of gaming in the world. It’s not known if these features will be available in the worldwide release of Honor of Kings or if it’ll be replaced with apps more entrenched in the Western market like Facebook Messenger or WhatsApp. In Honor of Kings, players can choose characters from Chinese mythology to build their teams, and the game has extensive social features like chat integration that uses popular Chinese social apps like QQ and WeChat. Honor of Kings is a 5v5 multiplayer online battle arena (also known as MOBAs) similar to Riot’s League of Legends or Valve’s DOTA 2. Tencent, Honor of Kings’ publisher, has technically done this before when it released Arena of Valor - a westernized version of Honor of Kings - back in 2017. If you’re having a bit of deja vu, do not be alarmed. Please be patient and stay tuned for more updates! /T8ZN1ZLM8Y- Level Infinite June 7, 2022 Rounds of closed beta tests will be gradually announced starting next month. We have great news! We will be rolling out Honor of Kings by TiMi Studio Group to you global gamers by the end of this year!
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