Eddie Chan and Pete Smith are contributing to Tencent's (forced)
Posted: Tue Jan 07, 2025 3:41 am
Tencent has become a true gaming titan thanks in large part to the strong appeal of its games in its native China. But it is being forced to look away from its homeland and reorient itself towards the West (not so much out of a desire to conquer as out of sheer necessity).
Tencent's shift to the West has been prompted by the Chinese Communist Party's war on video games
In China, the Communist Party has decided to declare war on the video game industry, arguing that it wants to provide more effective protection for young people. As a result, the relevant authorities have not approved new video games in the Asian giant for months, and hundreds of small developers have been forced to close their doors in China. Tencent can now only make its mark outside switzerland number data its home country.
expansion into the West. Chan is the chief strategy officer for Tencent Games Global, and Smith is based in Liverpool and is responsible for forging agreements with potential partners. Both Chan and Smith are experienced in the gaming industry . The former was professionally associated with Activision Blizzard and the latter worked at PlayStation.
Chan and Smith have billions of dollars at their disposal to help Tencent expand into the West. They are currently laying the foundations for a new brand, “Level Infinite,” in Amsterdam and Singapore.
Tencent operates its own game studios, but also buys rival companies when the opportunity arises. The goal is to “find the best and most talented developers,” Chan told Spiegel .
In 2021 alone, Tencent is said to have invested in around 100 companies related to the gaming world. However, some are concerned that the Chinese company is making so many acquisitions at a time of a bloody trade war between China and the United States. Is Tencent perhaps destined to become the next “Fortnite” ?
Tencent's shift to the West has been prompted by the Chinese Communist Party's war on video games
In China, the Communist Party has decided to declare war on the video game industry, arguing that it wants to provide more effective protection for young people. As a result, the relevant authorities have not approved new video games in the Asian giant for months, and hundreds of small developers have been forced to close their doors in China. Tencent can now only make its mark outside switzerland number data its home country.
expansion into the West. Chan is the chief strategy officer for Tencent Games Global, and Smith is based in Liverpool and is responsible for forging agreements with potential partners. Both Chan and Smith are experienced in the gaming industry . The former was professionally associated with Activision Blizzard and the latter worked at PlayStation.
Chan and Smith have billions of dollars at their disposal to help Tencent expand into the West. They are currently laying the foundations for a new brand, “Level Infinite,” in Amsterdam and Singapore.
Tencent operates its own game studios, but also buys rival companies when the opportunity arises. The goal is to “find the best and most talented developers,” Chan told Spiegel .
In 2021 alone, Tencent is said to have invested in around 100 companies related to the gaming world. However, some are concerned that the Chinese company is making so many acquisitions at a time of a bloody trade war between China and the United States. Is Tencent perhaps destined to become the next “Fortnite” ?