gi.biz: Tencent will invest $15 million in Fortnite's rollout in China, now has 45M users

[ggx2ac]

https://www.gamesindustry.biz/artic...t-usd15-million-in-fortnites-rollout-in-china

At a press conference yesterday, Tencent officially launched Fortnite in China, and said it will back Epic's game with ¥100 million ($15.8 million).

According to Do News, which attended the press conference, half of that ¥100 million will be used to create content for the game and support video content creators. The other half will be used to push it as an esport.

...Epic's game - which Tencent said now has 45 million users.

Tencent owns 40% of Epic Games, since it raised its stake in the company back in March 2013. Notably, it is also the Chinese publisher for Fortnite's biggest rival in the battle royale genre, PlayerUknown's Battlegrounds.

Click to shrink...

 

[Deleted member 8196]

Tencent the big winner with PUBG and Fortnite in China.

 

[Deleted member 9317]

Fortnite about to make a billion by 2018. Phew.

 

[Nightbird]

Its insane to see how much of the Industry Tencent holds.

They are an absolue juggernaut

 

[capitalCORN]

Its insane to see how much of the Industry Tencent holds.

They are an absolue juggernaut

Click to shrink...

Four GIANT tentpoles. League, Valor, PUBG, Fortnite.
League and Valor at the very top of their markets. League's revenue in 2017 was 2.1b. Valor's was 1.9b.

 

[Nightbird]

Four GIANT tentpoles. League, Valor, PUBG, Fortnite.
League and Valor at the very top of their markets. League's revenue in 2017 was 2.1b. Valor's was 1.9b.

Click to shrink...

on top of that they have partial ownership over Activision Blizzard and Ubisoft, as well as a majority ownership over supercell.

It wouldnt be far fetched to say that those guys are literally swimming in money right now

 

[Cengizhan]

Absolutely crazy.

 

[Geoff]

Isn't this in part thanks to protectionist Chinese policy wrt to foreign products i.e. those publishers have to have a Chinese partner to launch in China?

 

[capitalCORN]

on top of that they have partial ownership over Activision Blizzard and Ubisoft, as well as a majority ownership over supercell.

It wouldnt be far fetched to say that those guys are literally swimming in money right now

Click to shrink...

Gaming's just the tip of the iceberg. Tencent proper is up there with the biggest megacorps of the world.

 

[SuikerBrood]

Is Tencent going to be the biggest gaming company on the planet?

Revenue:
Microsoft: 89 billion
Sony: 60 billion
Tencent: 37 billion
Nintendo 4,5 billion

 

[Paz]

Is Tencent going to be the biggest gaming company on the planet?

Click to shrink...

Who knows if they are already, they're just really quiet about it.

For the past few years all I hear about is Tencent them wanting to buy or invest in companies on the semi downlow. Of all sizes and scopes from Indie to AAA.

 

[Chittagong]

$0.30 CAC

itprintsmoney.gif

 

[Haze]

Tencent owns 40% of epic I had no clue

 

[Jpop]

Is Tencent going to be the biggest gaming company on the planet?

Revenue:
Microsoft: 89 billion
Sony: 60 billion
Tencent: 37 billion
Nintendo 4,5 billion

Click to shrink...

Tencent isn't a gaming company, and neither is Microsoft or Sony really.

So no.

 

[Deleted member 36622]

Is Tencent going to be the biggest gaming company on the planet?

Revenue:
Microsoft: 89 billion
Sony: 60 billion
Tencent: 37 billion
Nintendo 4,5 billion

Click to shrink...

These numbers are so unfair. Only Nintendo from those you mentioned, have gaming as it's core-business.

 

[capitalCORN]

Tencent isn't a gaming company, and neither is Microsoft or Sony really.

So no.

Click to shrink...

These numbers are so unfair. Only Nintendo from those you mentioned, have gaming as it's core-business.

Click to shrink...

https://www.gamesindustry.biz/artic...s-usd4-billion-in-latest-quarterly-financials

 

[36 Chambers]

Tencent are titans in China. It's insane. Had no idea they owned so much of Epic either.

 

[SuikerBrood]

Tencent isn't a gaming company, and neither is Microsoft or Sony really.

So no.

Click to shrink...

These numbers are so unfair. Only Nintendo from those you mentioned, have gaming as it's core-business.

Click to shrink...

I know. I just posted it to show the size of Tencent. We have no clue what the size of MS' gaming business is.