Tencent is preparing to enter the gaming console market


Chinese tech giant Tencent is preparing to launch its own handheld game console, which has already surfaced on the web along with the first images.

On March 19, Tencent received approval for the release of a device under the general name “Game Console”, the corresponding documents were submitted in October last year. The first images of the device clearly indicate that it will be a portable game console that has a design familiar to similar devices.

In 2018, the Chinese company Tencent was the first Asian tech company to surpass the $ 500 billion market cap. The company is now worth over $ 770 billion and is one of the largest technology companies in the world.

Tencent has always been a major player in the gaming industry, but prior to that, the company focused more on gaming content and software. The brand has recently entered into partnerships with smartphone brands such as Asus ROG, Red Magic and Black Shark.

The source provides images of two different devices. Perhaps the manufacturer is considering various design options. Presumably, the game console will run under Windows, since the Windows 10 logo is clearly visible on one of the buttons (in the first render).

Tencent

Tencent Holdings Limited is a company founded in 1998, specializing in internet and mobile services as well as online advertising. Its headquarters are located in Nanshan District, Shenzhen China.

Tencent’s services include social networks, web portals, e-commerce, and multiplayer online games. It manages the instant messaging service Tencent QQ, operates one of the largest web portals in China, QQ.com; as well as the instant messaging application WeChat.

As of December 31, 2010, there were 647.6 million active Tencent QQ instant messaging accounts; making Tencent QQ the world’s largest online community.

Tencent Games has four internal game development studios: TiMi Studios headquartered in Shenzhen; Lightspeed & Quantum Studio in Shenzhen and Los Angeles; Aurora Studio in Shanghai, China; and Morefun Studio in Shenzhen. The studios mostly produce browser games and mobile games generally exclusive to the Chinese marketplace.

PUBG Mobile and its Chinese version topped the global mobile games chart by revenue, raking in a combined US$232 million of sales in March 2020, as many people turned to online entertainment during the COVID-19 pandemic. Honor of Kings was the second highest-earning game globally, generating US$112 million in revenue.

 

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