Tencent Rumored To Enter Hardware Space With XR Ambitions | Pocket Gamer.biz

This week, sources say Chinese megacorporation Tencent made an announcement to its staff about forming an official extended reality (XR) unit, according to Reuters.

Reuters cites three undisclosed sources as suggesting the unit will create an XR business in both software and hardware for Tencent that was secretly formed earlier this year.

What about hardware?

Among the sources, two said the unit was expected to grow to more than 300 employees, but added that plans were not yet concrete. Depending on performance, the final number may vary.

Tencent Games CTO Li Shen will allegedly run this XR business as part of the Interactive Entertainment business group.

Best known for software like Honor of Kings and the most recent Pokémon Unite – which surpassed 50 million downloads in its first four months – Tencent’s rumored Unit XR would mark the company’s entry into equipment. A global launch of Honor of Kings, separate from its Western counterpart Arena of Valor, is confirmed for mobile this year.

A source suggested that Tencent founder and CEO Pony Ma sees this as a passion project.

If true, this isn’t Tencent’s only new venture. The company last month opened a new studio in Liverpool, England, led by global vice president of partnerships Pete Smith, even as Tencent Holdings reported its weakest ever revenue growth.

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