China-based Tencent has been investing in game developers around the world for years. With the right investments, Tencent has risen to become the richest gaming company in the world. Timi Studio, which is behind games such as Call of Duty Mobile and Honor of Kings, earned $10 billion in 2020. If this story is true, Timi Studio has won the title of the world’s largest game developer.
Timi Studio has been named the largest game developer
Electronic Arts, a popular gaming company, now has a market value of $5.5 billion. Another popular gaming company, Ubisoft, has a market value of $1.8 billion. These two companies are one of the most popular gaming companies on the market and their market value is clear. As a result, The Team Studio’s profits in 2020 make it the world’s largest game developer.
Team Studio, which has become the most money-making developer for Tencent, has laid a solid foundation for developing big-budget PC games. Examples such as Sony’s PlayStation, Nintendo’s Switch and Microsoft’s Xbox were given for Team Studio. Tencent made $23 billion from mobile games last year. Of the $23 billion in revenue, $10 billion was generated by Timi Studio. Tencent invested in Bohemia, the developer of Arma and DayZ, last month. Tencent has invested in other companies in the European gaming market, making it the world’s largest video game company. Tencent’s current market value is $73 billion.