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Tencent partners with Final Fantasy and Tomb Raider maker Square Enix
Japanese giant teams up with the world’s biggest gaming company
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This article originally appeared on ABACUS
If you play games at all, chances are you've played something connected to Chinese gaming overlord Tencent.
The Shenzhen-based firm is the world’s biggest gaming company by revenue. And on Thursday, it gained another heavyweight ally. Square Enix, the maker of Final Fantasy and Tomb Raider, announced that it’s entered a strategic alliance with Tencent to develop original AAA titles.
The alliance will also include a new joint venture between the duo, and the licensing of existing intellectual properties, said the Tokyo-based Square Enix.
While it’s best known for Final Fantasy and Tomb Raider, Square Enix also owns a slate of other huge titles like Kingdom Hearts, Dragon Quest, Hitman, Deus Ex and Just Cause.
This bombshell news came just a few months after Tencent’s archrival NetEase announced that it would be investing $100 million in Halo’s creator Bungie to develop a new gaming franchise.
But Tencent is way ahead of NetEase in terms of how far its influence has spread. Besides owning Riot Games, Tencent also has stakes in other Western gaming juggernauts like Epic Games and Activision Blizzard.
Josh joined the Post in 2016 to cover politics and business in mainland China and Hong Kong. Since 2018, he has covered China's emerging tech sector. Having graduated from the University of Pittsburgh with a degree in English and philosophy, he is now pursuing a master's degree in law at the University of Hong Kong.
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