According to research
conducted by market intelligence firm Newzoo, Tencent is the public company with the highest revenue from video games
worldwide. Last year, the Chinese behemoth raked in more than $18 billion from its gaming operations, considerably more than Sony ($10.5 billion) and Apple ($8 billion). Tencent has made investment in gaming companies a priority in recent years and it has acquired sizeable stakes in Riot Games (2011), Epic Games (2012), CK Games (2015) and Robot Entertainment (2015).
Tencent gave its gaming revenue a further boost when it launched WeGame last spring, its own gaming portal which hosts games and provides purchases, downloads, streaming and services. Microsoft
comes fourth on Newzoo's ranking with gaming revenue of $7.1 billion while Call of Duty and World of Warcraft developer Activision comes fifth with $6.5 billion. EA and Nintendo, two household names to gamers, comecome eighth and ninth with $5.1 and $3.6 billion respectively.