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, sources 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. Last week, Tencent reported 156.1 billion yuan ($23.79 billion) in overall online game revenues for 2020 but did not break down revenue for individual studios, which are run independently and compete with each other. Timi’s proceeds accounted for 40% of the game revenue.
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