timi studios earned a staggering $ 10 billion in revenue in 2020, according to an April 1 Reuters report. timi studios is the Tencent-owned developer of huge mobile hits call of Duty: mobile and the MOBA honor of kings.
The earnings make timi the’world’s largest developer,’ according to its sources. For comparison, Activision Blizzard posted millions of dollars of $ 8.09 billion.
Call of Duty: mobile reportedly had the biggest mobile game launch ever. It racked up over 100 million downloads worldwide in its first week of availability. Honor of kings, which is only available in China, had an astounding 100 million daily active users as of November 2020.
Timi is recruiting for a new AAA game that’resembles the virtual community from the movie ready player one’. Tencent is also building a timi studio in Los Angeles.
Tencent has long-standing investments in some US-based gaming companies. It bought a majority stake of league of legends developer riot games in 2011. Tencent purchased 40 percent of epic games in 2012.