This year, Tencent Holdings¡¯ gaming business scored record sales, defying an industry slowdown with international hits such as zombie horror Dying Light: The Beast.
The sales bonanza, at a time when many rivals are struggling to sustain profitability, reflects a multiyear push by Tencent veteran Michelle Liu to use a hands-on approach to craft blockbuster games.
Under Liu, Tencent ¡ª long a passive investor in successful game companies such as League of Legends developer Riot Games and Supercell Oy of Clash of Clans fame ¡ª has become more assertive in steering acquisitions such as Dying Light series maker Techland and Norway¡¯s Funcom. By building on its signature dealmaking to actively share expertise and resources, the company has built an international gaming behemoth that generated $10 billion in revenue over the past year, surpassing the likes of Electronic Arts.
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