Tencent new game studio in Singapore
Tencent Holdings, the world’s largest video gaming company by revenue, will open its next game development studio in Singapore, which has emerged as a regional hub for game development after investments from industry giants including Ubisoft and Riot Games, according to two people with knowledge of the matter.
TiMi Studio Group, the developer behind Tencent’s biggest hits such as Honour of Kings and Call of Duty: Mobile, is setting up a new studio in Singapore, according to the people, who declined to be identified because they are not authorised to speak to the media. It will be Tencent’s first studio in the city state and TiMi’s fourth overseas studio behind Los Angeles, Seattle and Montreal. Until now, Tencent has only had its employees in Singapore work on existing games.
That move comes in the wake of Beijing’s regulatory crackdown on Big Tech at home, which has spurred companies like Tencent and TikTok owner ByteDance to look to Singapore as a base where they can hire foreign talent to develop products for the global market. The new TiMi Singapore studio has yet to be announced to the public by the Shenzhen-based gaming giant. While details regarding the new studio’s size and function remain scant, a job post listed online last month shows that it is hiring middle and senior level software engineers with experience developing AAA games, an informal classification used to describe games made with industry-leading production quality and published on consoles or PCs.
$TENCENT(00700.HK$
5x Short $Tencent 5xShortSG230202(DTCW.SG$
5x long $Tencent 5xLongSG220808(DDLW.SG$
$TENCENT(00700.HK$
5x Short $Tencent 5xShortSG230202(DTCW.SG$
5x long $Tencent 5xLongSG220808(DDLW.SG$
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