Tencent's Timi gaming studio generated $10 billion in 2020: Report
By Pei Li and Tony Munroe (Reuters) - Chinese tech giant Tencent's Timi Studios, maker of popular video games Honor of Kings and Call of Duty Mobile, generated revenue of $10 billion last year, two people with direct knowledge of the matter told Reuters. The $10 billion would make Timi the world's largest developer, the sources say, which many industry watchers had suspected to be the case. It also provides a hefty basis for its ambitions to move beyond mobile games and compete directly with global heavyweights developing expensive "AAA" titles on platforms such as desktop computers, Sony...