BEIJING —
Chinese gaming giant Tencent has bought a minority stake in Japanese game
developer
FromSoftware, maker of the smash-hit fantasy title Elden Ring, the
Tokyo-based firm said Wednesday.
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Tencent, the
world’s largest games publisher by revenue, has performed dismally since
Beijing imposed a limit on gameplay for children of three hours per week last
year in a bid to stamp out addiction.
The number of new
video game licenses granted by Chinese regulators has lagged behind previous
years after a nine-month freeze on approving titles was lifted in April.
FromSoftware’s
“unique set of values and self-initiative ... will not change in any way going
forward”, the Japanese company said in a statement announcing the sale of the
stake, which was bought by a Sony subsidiary as well as Tencent.
Tencent has not had
a new gaming title approved for over a year, with most of this year’s licenses
in China granted to smaller developers, according to official data.
Beijing has strict
content censorship rules for all media including video games, which have been
pulled in the past for including gore, cleavage, and political and paranormal
elements.
Tencent, which is
behind
China’s biggest mobile games Honor of Kings and PlayerUnknown’s
Battlegrounds, posted its first ever year-on-year revenue decline this month.
China’s gaming
industry has been swept up in a tech regulatory crackdown that has seen record
fines, long investigations and the suspension of IPOs.
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