Analyst suggests Tencent’s new global games service will compete with Steam
If you’re not a big fan of Steam’s dominance of gaming trends in the west, maybe you think a competitor will do the service some good — and a competitor does indeed to appear to be on the way.
A tweet lobbed by Niko Partners games industry analyst Daniel Ahmad on Easter sent games journalist scurrying to cover his claim that Tencent is planning a relaunch of its existing games platform as a global Steam-competitor dubbed WeGame. The existing service, Tencent Games Platform, already has 200 million users in China, but when relaunched, it’ll service the west too, beginning with a release of 100 games from primarily western developers. Gamasutra reports that Stardew Valley and Don’t Starve are already on the platform, the latter having sold a million copies there in its first month.
Tencent is already the largest gaming company in the world and according to Bloomberg is currently the 10th largest publicly traded company on the planet. Massively OP readers know it best as the company that owns League of Legends studio Riot Games.
Looks like Tencent will rebrand its 'Tencent Games Platform' to 'WeGame'.
It's basically Tencent's version of Steam. pic.twitter.com/Rx7ndSXJVM
— Daniel Ahmad (@ZhugeEX) April 16, 2017
Oh yeah, and then there’s the latest bit he retweeted.
Some people are worried about Steam after Tencent's WeGame. Just wait until you see other 3 or 4 competitors launching next year :)
— Sergey Galyonkin (@galyonkin) April 18, 2017
It’s gonna be an interesting next couple of years.