China's Tencent Holdings Ltd is working with its U.S. unit Riot Games to de...
BEIJING/SHANGHAI - China’s Tencent Holdings Ltd is working with its U.S. unit Riot Games to develop a mobile version of “League of Legends”, the world’s most popular desktop-based game, three sources with knowledge of the matter told Reuters.
Tencent then developed a similar mobile offering, “Honour of Kings” for China, which was launched in November 2015 and has become the world’s highest grossing multiplayer online battle arena game. The sources declined to be identified as details of the project were confidential. A spokesman for Tencent declined to comment. Representatives for Riot did not immediately respond to requests for comment.
The game brought in $1.4 billion in revenue last year, although that was down 21% from a year earlier, according data provider Statista. Mobile games accounted for 57% of videogame revenue in China in 2018 but only 36% in the U.S. market, according to Newzoo.
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