TENCENT Q1 2024: Party Stars is struggling, High Energy Heroes is dead, and 2 Palworld-like games!
Party Stars
Party Stars is having a hard time taking on Eggy Party in China, despite high marketing costs, Tencent hopes to regain ground with the title in the global market.
Tencent X NetEase
Competition with NetEase is fiercer than ever as the rival has found success with internal and external IP such as Marvel and Lord of the Rings.
Palworld-like games from Timi and Lightspeed
Tencent is having difficulty finding another hit game, and will bet on 2 games based on Palworld that are being developed by Timi and Lightspeed to try to turn the tide of bad luck.
High Energy Heroes
High Energy Heroes (aka Apex Legends Mobile 2) team is being moved to work on the Palworld-like project, High Energy Heroes had a failed launch.
Dungeon & Fighter Mobile Launch in China
Tencent expects Dungeon & Fighter Mobile to be a major revenue generator in the coming months.
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