Comment on Tencent and LINE Pour US$100M into Korean Game Designer 4:33 Creative Lab by Tencent and LINE Pour US$100M into Korean Game Designer 4:33 Creative Lab(네시삼십삼분) - Platum

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-11-13 00:00:00

Tencent and LINE Group have jointly invested KRW1,3oo billion (around US$100m) into 4:33 Creative Lab, a leading game designer in South Korea, as beSUCCESS first noted. Tencent has had a stake in KaKao for some time, and developed a number of mobile games similar to their most popular titles. There are about 40 mobile games on Tencent’s WeChat and Mobile QQ, generating RMB2.6 billion (around US$42m) in the third quarter of 2014. It is believed mobile games generally have a shorter life cycle than PC games, so mobile gaming platforms like WeChat and LINE will always need more new titles. To introduce more popular PC-based and mobile games, Tencent has invested in many developers outside China.