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Ten­cent is per­haps more fa­mous in the west for buy­ing up chunks of the game in­dus­try than it is for mak­ing games. Founded in 2003, it owns 100 per cent of Riot Games, an undis­closed mi­nor­ity stake in Ac­tivi­sion Bliz­zard, a five per cent stake in Ubisoft, 11.5 per cent of PUBG maker Blue­hole and 40 per cent of Epic Games, to name just a few of the big hit­ters within its port­fo­lio. It’s al­ready a big name in bat­tleroyale gam­ing, then, al­beit one men­tioned far more in in­vestor calls than con­fer­ence streams – and is an at­trac­tive part­ner for any com­pany look­ing to break into China, where games can only be of­fi­cially re­leased through a na­tive com­pany.

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