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Entertainment & Lifestyle

Reuters exclusively reports Tencent’s Timi gaming studio is world’s largest developer

Chinese tech giant Tencent’s Timi Studios, maker of popular video games Honor of Kings and Call of Duty Mobile, generated revenue of $10 billion last year, sources told Reuters. The $10 billion would make Timi the world’s largest developer, the sources say, which many industry watchers had suspected to be the case. 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. Timi’s proceeds accounted for 40% of the game revenue. 

Article Tags
Topics of Interest: Entertainment & Lifestyle
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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