We use cookies for a variety of reasons detailed below. We will also share how you can prevent these cookies from being stored however this may downgrade or ‘break’ certain elements of the Site’s functionality. This document describes what information they gather, how we use it, and why we sometimes need to store these cookies. Tencent, which has benefited from a surge in paying gamers, said last week its online games revenue rose 29 per cent to 39.1 billion yuan in the fourth quarter. 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 per cent, 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 per cent, the people said, while 26 per cent was proceeds from publishing for other developers. Timi’s proceeds accounted for 40 per cent 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. 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. TiMi will continue to support the development of AAA mobile games, and is cooperating with some well-known companies in the field to develop several projects.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 U.S.” Vincent Gao pointed out that the global mobile game market is larger than the sum of PC and console game markets, and there is still great growth potential in the future. This is mainly due to the tax exemption policies of local governments in Canada and Quebec, which make the cost of hiring developers for companies at the same income level only half that of Texas or San Francisco. ![]() SEE ALSO: Tencent Awards 2,403,000 Shares of Stock Worth about 1.1 billion Yuan to 3,300 EmployeesĪccording to GamesBeat, there are more than 15,000 game developers in Montreal. According to Vincent Gao, head of overseas development, TiMi is still looking for more top-line talent for TiMi Montréal. At present, each member holds quite a bit of experience since all of them come from well-known game companies such as Ubisoft, Rockstar Games, Bethesda, EA Games, Behaviour Interactive and Google Stadia. TiMi Montréal and TiMi Seattle both focus on the development of multi-platform online games with AAA quality, while TiMi Los Angeles serves as a robust management and operations hub in North America, preparing each project to enter its comprehensive production stage. TiMi also revealed that Sinjin Bain, a highly experienced video game creator, is the director of TiMi Los Angeles. TiMi Studio Group, headquartered in Shenzhen, has developed Call of Duty: Mobile, Honor of Kings and the upcoming Pokémon UNITE. TiMi Montréal will devote itself to creating an AAA open-world and service-centered game for players to play across platforms, and plans to grow into a sizable team by the end of this year. It is the third AAA game studio of TiMi Studio Group in North America, alongside the Los Angeles and Seattle studios. TiMi Studio Group, a subsidiary of Tencent Games, announced on Tuesday that it has established a new AAA game studio TiMi Montréal in Montreal, Canada.
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