This can be quite a bad news for those distrustful of Chinese companies extending their influence through financial investments.
Platinum Games has announced a partnership with Chinese company Tencent Holdings, gaining a significant financial boost from it.
We would like to announce we have received a capital investment from Tencent Holdings Limited as a basis for partnership. This partnership has no effect on the independence of our company, and we will continue operations under our current corporate structure.
We hope to use this capital to strengthen our foundation as a business and expand from game development into exploring self-publishing. We also hope that this partnership can give us a wider global perspective, while still creating high quality games that stay true to our name.
Thank you as always for your continued support. Please look forward to what we have in store.
Tencent is a giant in China. From internet access to game publishing, they got it all.
The development has given fans fear that it may corrupt the brand, image, and output, and become profit-oriented. But Platinum Games insist that the partnership will have no negative impact. The distrust towards the Chinese company, however, has bordered Sinophobia, prompting the gaming community to be wary of companies having to do with them.
Platinum Games joins the list of companies under Tencent’s portfolio of investments, like the wholly-owned Riot Games, of League of Legends fame, Epic Games which became the reason Unreal Engine became mostly free and accessible, a fraction of Bluehole, Activision and Ubisoft, helping them survive a hostile takeover from Vivendi.
Despite the fears, most of the recipients of Tencent’s investments managed to stay true to their integrity and steered from excessive microtransactions, an allegation popularly pointed at the Chinese giant.
With Platinum Games aiming to get publishing independence, it remains to be seen how it will affect their IPs, such as Bayonetta, NieR and others.