Chinese tech giant Tencent Holdings unveiled a big-budget console game named Last Sentinel on Friday, a title seen as the mobile gaming giant’s most ambitious foray into the market. The Shenzhen-based firm showed a trailer of the action role-playing game at The Game Awards in Los Angeles. The project is being developed by about 200 people at the company’s Lightspeed LA game studio, an essential U.S. studio at the heart of Tencent’s global expansion plans.
In the early days of China’s online games boom, Tencent was Public Enemy No. 1 among tech entrepreneurs, who complained that the upstart copycat would not hesitate to steal their ideas and drive them out of business. Today, the world’s most prominent gaming firm has a much more mature and sophisticated approach to the industry, where it typically invests in companies with a global presence and seeks to acquire majority rather than minority stakes.
The company’s massive success has made it a target of international investors seeking to expand into the lucrative industry. The number-one gaming company has spent billions of dollars buying foreign firms, including the maker of the popular video-sharing app TikTok and the makers of the Assassin’s Creed franchise from French publisher Kadokawa Corporation.
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Sources say the new strategy reflects a shift in management priorities at Tencent, which is focused on expanding its presence in global markets to offset slowing growth at home in China. The firm also continuously focuses on investing in its internal development capabilities.
The first trailer of Last Sentinel, shown at the awards ceremony, gives a glimpse into a sci-fi adventure set in the dilapidated remains of an Asian building. In the clip, a cheongsam-wearing female Japanese robot defends children from a stormtrooper mecha that looks like a law enforcement vehicle. At one point, a motorcycle rider appears and cuts the fugitives’ path to safety.
Tencent said it will make the game available worldwide later, but it has yet to disclose a specific release window or platform. The game will be available in addition to the firm’s mobile games, which have a combined user base of over 100 million. Its PUBG Mobile, Honor of Kings, and QQ Flying Car mobile games have over 20 million daily active accounts.
The company’s flagship WeGame platform now has over 300 million registered users. Its WeChat messenger, which is a dominant social network in China, has 340 million monthly active users. Its e-commerce service, WeShop, has over 500 million customers. Its payment system, WePay, has over 100 million transactions a month. Its cloud computing service, WeCache, has over 50 million users. The company is expected to earn its fourth consecutive record profit this year. Its shares have surged this year. The stock has gained more than 50 percent this year, a more significant gain than many other major technology stocks in the S&P 500 index.