TCEHY - How Tencent's New Mobile Ventures Aim To Mimic Palworld's Global Success | Benzinga
Tencent Holdings ADR (OTC: TCEHY) is drawing inspiration from the breakout success of Palworld to rejuvenate its core business.
According to Bloomberg, the company's leading studios, Timi and Lightspeed, are independently developing mobile games that blend open-world exploration with the novelty of pet companionship and action elements, akin to the viral hit.
This strategy reflects Tencent's broader aim to cultivate in-house hits that can spur growth and offset recent challenges, including a 2% dip in gaming revenue and increased competition in its cloud ...