Tencent’s Timi Studios reportedly earned $10bn in 2020

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The Honor of Kings studio is the world’s largest developer, Reuters reported

Name of Obligation Cellular developer Timi Studios reportedly generated $10 billion in income in 2020.

That is in accordance with Reuters, who talked to individuals with “direct data” of the matter. That might make Timi Studios, which is owned by Tencent, the world’s largest developer, the publication added.

Tencent revealed its annual outcomes a number of weeks in the past, with on-line video games income representing RMB 156.1 billion ($23.eight billion) in 2020. Reuters’ sources indicated that Timi’s proceeds “accounted for 40% of the sport income.”

Timi was created in 2008 — initially underneath the title Jade Studio — and is behind cellular hits Honor of Kings and Enviornment of Valor. The 2 titles frequently prime the cellular spending charts, with Honor of Kings reaching 100 million common DAUs on the finish of final 12 months. The title was among the many 5 cellular video games to prime $1 billion in income in 2020, producing $2.5 billion.

Name of Obligation Cellular initially launched in October 2019 and eventually launched in China in January 2021 — it made $14 million in its first week.

Timi Studios was the primary China-based recreation developer to hitch UN-backed initiative Enjoying for the Planet Alliance in March.

We talked to the studio earlier this 12 months about why the corporate is making video games for the gamers of tomorrow, not at the moment.

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