TiMi Studios, the developer of huge mobile hits in Tencent Call of Duty: Mobile and the MOBA Honor of kings, earned a whopping $ 10 billion in revenue in 2020, according to an April 1 Reuters report
ReutersThe article says that because of that revenue, TiMi is “ the largest developer in the world, ” sources said. While it is unclear exactly which statistic defines, it is undoubtedly a huge number. In comparison, Activision Blizzard (which the Duty franchise) had revenues of $ 8.09 billion in 2020, nearly $ 2 billion less then TiMi’s reported $ 10 billion.
While TiMi may not be a household name, its games are among the largest in the world. Call of Duty: Mobile reportedly had the largest mobile game launch ever when it was released in October 2019, with more than 100 million downloads worldwide in its first week of availability. And Honor of kings, which is only available in China, had an astonishing 100 million daily active users from November 2020, according to Tencent
It doesn’t look like Tencent and TiMi will rest on their laurels. TiMi is recruiting for a new AAA game that “resembles the movie’s virtual community Ready Player One Reuters reports, which seem to suggest that TiMi wants to make its own metaverse-esque game along the lines of Fortnite and RobloxTencent is also building a TiMi studio in Los Angeles, it said Reuters
Tencent has long-term investments in a number of US-based gambling companies. It bought one majority interest from League of Legends developer Riot Games in 2011 and then full ownership in 2015. And Tencent bought 40 percent of Epic Games in 2012, a stake that has grown significantly in value following Epic’s tremendous success Fortnite
Tencent is too the owner of the studio Lightspeed & Quantum, which is developing PUBG: mobile. That game has also been a huge success, just surpassing 1 billion downloads worldwide.