Black Myth: Wukong is hot. Tencent is a shareholder in Game Science (developer of Wukong), a distributor for Wukong in China, and a significant shareholder in Epic Games (Wukong uses Epic Games’ Unreal Engine).
However, Tencent might have more problems with the rise of 3A games.
1/ For game development, mobile game are too profitable for Tencent. 3A games incurs more costs and is hard to monetize over the long run if can’t develop a long lasting IP.
2/ For game investment, Tencent can’t leverage its powerful Wechat/QQ as much in distribution, which can help increase portfolio value by a lot. In addition, 3A games take much longer to develop and can fail – Tencent is hard to wait that long with unknown result. So overall, the investments become more unpredictable for Tencent in 3A studios.