trending Market Intelligence /marketintelligence/en/news-insights/trending/WZ8MKfppqDFnL6C6JBrK-A2 content esgSubNav
In This List

Tencent's mobile developer to triple US headcount in 2020

Case Study

An International Logistics Company Streamlines Transfer Pricing for Its Extensive Network of Subsidiaries

Podcast

Next in Tech | Episode 168: AI Data Strategies

Podcast

Street Talk | Episode 126: Hunting the bears, making the bull case for CRE

Blog

Investment Banking Essentials May 15


Tencent's mobile developer to triple US headcount in 2020

One of Tencent Holdings Ltd. mobile game developers, TiMi Studios, will triple its U.S. headcount in 2020 to accelerate its international expansion, Vincent Gao, the director of TiMi Studios told S&P Global Market Intelligence.

The developer of "Honor of Kings," a blockbuster mobile game of the China-based internet conglomerate, TiMi currently has a team operating in Los Angeles, Gao said. The studio aims to develop its North American arm into a "full development studio" to understand different players' behavior and obtain a stronger global perspective, he added.

There has been a rising demand for high-quality mobile games in global players, he said, adding that TiMi plans to develop more mobile versions of already well-known game brands to meet this demand.

TiMi is also set to increase its publication of mobile versions of well-known titles to support a monetization strategy called game-as-service, which encourages in-game purchases and other continuing revenues from titles that are often initially free, as reported earlier.

Tencent is investing in an increasing number of global game developers and publishers. It holds stakes in U.S. Epic Games Inc., South Korea-based Bluehole and France-based Ubisoft Entertainment SA and recently invested an undisclosed sum in Japan's PlatinumGames.