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. 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. 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 US." 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. It also provides a hefty basis for its ambitions to move beyond mobile games and compete directly with global heavyweights developing expensive "AAA" titles on platforms such as desktop computers, Sony's PlayStation, Nintendo's Switch and Microsoft's Xbox. The $10 billion would make Timi the world's largest developer, the sources say, which many industry watchers had suspected to be the case. The tournament featured a prize pool of over $4.5 million, half of which was raised through crowdfunding, according to Liquipedia.NEW DELHI: 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, two people with direct knowledge of the matter told Reuters. Earlier this year, the Honor of Kings World Champion Cup 2020 was played as a LAN event in Shanghai and Beijing. The game also has a developed esports scene with its premier league, the Kings Pro League currently going on for its fall season in 2020. Nonetheless, Honor of Kings continues to shatter records. Contrary to what the company said earlier, Wild Rift has proved that League’s gameplay can be replicated on mobile. It will be playable in most regions around the world by spring 2021. The game is currently in an open beta in select regions. Riot is also trying to capture the lucrative mobile game market after announcing League of Legends: Wild Rift last year. Riot later told Dot Esports that the situation around Arena of Valor “wasn’t great” but it “worked through it.” Riot claimed that the game was copying League of Legends. This game allegedly caused Riot’s and Tencent’s relationship to strain.
It was called Arena of Valor and was released in 2017.
Tencent later went on to develop an international adaptation of the popular MOBA. Two years after its release, became the top-grossing game worldwide, according to Technode, which cites intelligence from App Annie. This led Tencent to create a separate game, called Wangzhe Rongyao. Riot allegedly declined and said that League’s gameplay can’t be replicated on mobile. In 2015, Tencent approached Riot Games to port League of Legends to mobile. Honor of Kings has an interesting history. Congrats and happy fifth anniversary! /sYCrE7W750- TiMi Studios November 1, 2020 Honor of Kings, 's premier mobile MOBA, has set a new world record of 100 million average daily active users year to date.
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