Reuters has reported that TiMi, a mobile developing arm of Tencent, generated ~$10 billion in 2020.
Two individuals with “direct knowledge of the matter” revealed the figure to Reuters.
This amount makes TiMi the world’s largest developer, if true.
TiMi is most well-known for developing mobile games, such as Call of Duty Mobile and Honor of Kings. The large amount generated from such mobile games has also given TiMi other ambitions. Reuters notes how TiMi looks to “move beyond mobile games and compete directly with global heavyweights developing expensive ‘AAA’ titles”. The move would bring TiMi into the world of console and PC gaming, taking on Microsoft, Sony, Valve, and Nintendo.
Of course, those paying attention would not be surprised by this; Tencent already has stakes in or directly owns several developers including Riot Games, Epic Games, and Bohemia Interactive. Added to that, Tencent previously established its own studio to work on AAA titles, LightSpeed LA.
Recently, Tencent reported it made ¥156.1 billion [the equivalent of £17.09 billion/$23.77 billion] in overall online game revenue last year, However, the company did not break down how much each studio generated.
ABG’s Senior Editor (News), YouTube content creator/streamer.