Tencent’s TiMi Studio to Launch new Video Game Development Studio in Singapore.
Video game and tech conglomerate Tencent Holdings head to Singapore to launch its new game development studio. Recently, Singapore has become a regional hub for the gaming industry with several big gaming companies like Riot Games and Ubisoft investing in it.
Now, Tencent, the world’s leading video game industry in terms of revenues, opens a new game development studio under its TiMi Studio Group. TiMi Studio is behind the astronomically popular games; Call of Duty Mobile and Honour of Kings.
Singapore has low taxes, warm weather, and high-paying jobs which attract foreigners. Moreover, its less stringent regulations have attracted international video gaming companies and taken shape as a regional hub.
Riot Games, Tencent’s subsidiary company, has moved the majority of its employees from Hong Kong to Singapore. Moreover, Ubisoft is also busy consolidating its Ubisoft Singapore studio which also has had a significant contribution in recent Ubisoft hit Assassin’s Creed: Valhalla.
Tencent hasn’t publicly announced its TiMi Singapore studio but online job postings for middle and senior-level hiring for software engineers position further confirms the notion. The media still awaits Tencent’s confirmation on the news.
TiMi Singapore project aims to assist TiMi’s F1 studio which is working on metaverse related experience. TiMi has named Francois Dallaire, a veteran in the gaming industry who previously worked for Ubisoft and Riot Games, as its principal technical artist for TiMi Singapore.