Square Enix has formally announced that they want to forge a strategic alliance with Chinese tech giant Tencent. The details of the partnership are scarce at the moment, but we have a few intriguing tidbits that were mentioned in a press release.
They want to form a joint-venture company and make blockbuster ‘triple-A’ games based on new and existing IP. Gamers are bound to like that idea as a partnership could produce some interesting games. “The alliance will enable us to couple our broad range of internet service capabilities to Square Enix Group’s superb creativity, and provide our customers with unprecedented content experiences on a global basis,” Steven Ma, Senior Vice President for the Tencent Group says.
Square Enix already operates in China and has worked with Tencent on a smartphone game called Sangokushi Ranbu. So they are not strangers. They want to strengthen their partnership with new, co-developed games.
This will give Tencent another foothold in the video game industry. The company already holds a 40 percent stake in Epic Games, the developer of the Unreal Engine and Fortnite. It also owns Riot Games, the studio behind League of Legends, and helped publish PlayerUnknown’s Battlegrounds in China. This should be interesting.