Tencent links with Qualcomm to sharpen its gaming weapons

The top dog in the gaming industry worldwide booked a year-on-year decline in mobile gaming revenue in the first quarter.

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Tencent Games, the gaming arm of Chinese internet giant Tencent, agreed on a strategic cooperation with Qualcomm Wireless Communications Technologies (China) Limited, a subsidiary of Qualcomm, on Monday in areas including optimizing mobile gaming devices and gaming content, according to a press release by the chip maker.

The two companies will also work on developing cloud gaming, AR/VR, and 5G-based gaming use cases.

“Mobile gaming, an important 5G use case, will soon take advantage of the next generation of connectivity,” said Frank Meng, chairman of Qualcomm China.

“Faster speeds, more bandwidth, and cutting edge ultra-low latency will support real-time, multi-player, and immersive gaming experiences,” he added.

Tencent, the world’s largest gaming company by revenue in 2018, booked RMB 21.2 billion (USD 3.07 billion) in smart phone games revenues in the first quarter of this year, down 2% year-on-year due to fewer new games releases.

The company has been making efforts to overturn this financial situation, such as demanding a better revenue split with app stores that host its games and teaming up with other companies to create better content.

Timi Studio Group, the game publisher owned by Tencent, could be working on bringing a new Pokémon game to China, KrAsia reported days ago.