Riot was acquired by Tencent in 2011, years after the Shenzhen-based group won the rights to license its flagship title “League of Legends” in mainland China.2011

Tencent, based in China, invested in Riot Games in 2011 and became its outright owner four years later. Riot is headquartered in Los Angeles.“Some of the significant investments we've made aren't paying off the way we expected them to. Our costs have grown to the point where they're unsustainable, and we've left ourselves with no room for experimentation or failure – which is vital to a creative company like ours.

What is the controversy with the Riot Games : When two women sued video game producer Riot Games in 2018, alleging sexual harassment, very few of the company's leaders were women. By some estimates, 21 of the 23 senior executives were men.

What is the relationship between Riot and Tencent

In 2011, Riot Games was acquired by Chinese conglomerate Tencent. Riot Games' publishing arm, Riot Forge, oversees the production of League of Legends spin-offs by other developers. The company worked with Fortiche to release Arcane, a television series based on the League of Legends universe.

Is Tencent owned by China : Tencent, a major Chinese multinational conglomerate, owns a diverse portfolio of assets, primarily in the technology, entertainment, and social media sectors.

92.78%

Tencent spent 8 million USD to bring LOL to China at 2008. And 3 years later, it spent other 231 million USD to purchase Riot Games. After this purchase, Tencent hold 92.78% share of the company. However, they leave Riot Games run independently.

Riot Games's annual revenue is $1.5B. Zippia's data science team found the following key financial metrics about Riot Games after extensive research and analysis. Riot Games has 2,500 employees, and the revenue per employee ratio is $600,000. Riot Games peak revenue was $1.5B in 2023.

Who is the CEO of Riot Games

Dylan Jadeja (Sep 22, 2023–)Riot Games / CEO

Following our CEO announcement in May, Nicolo Laurent and Dylan Jadeja have worked closely together over the past four months to ensure a smooth leadership transition for Riot. That transition period is now complete, and Dylan has fully stepped into the role as CEO of Riot Games.​The Los Angeles-based video game developer Riot Games agreed to pay $100 million to settle a sex discrimination and sexual harassment lawsuit, the largest settlement of its kind in the California Department of Civil Rights' history.Since we first started celebrating the LGBTQIA+ community in-game during Pride in 2018, our collection has only grown with more communities, options, and styles to represent the mosaic of individual human identities. In 2023 all our games added new content for Pride from emotes to gun buddies.

Tencent, which owns the popular chat app WeChat, the website Discord and various game companies, is used by 1.3 billion people across the world. In her executive order, Noem said Tencent posed cybersecurity risks to South Dakota, similar to Chinese-owned app TikTok and its parent company, ByteDance.

Is Riot Games 100 owned by Tencent : Riot Games, the developer known for creating the popular game “League of Legends,” is owned by Tencent Holdings, a Chinese multinational conglomerate. Tencent acquired a majority stake in Riot Games in 2011, and by the end of 2015, it fully acquired the company, making Riot Games a wholly-owned subsidiary of Tencent.

Does Tencent own TikTok : Does Tencent own TikTok Tencent Holdings, a Chinese multinational conglomerate, is an investor in ByteDance but does not have a majority stake in or control over TikTok. ByteDance was founded outside Tencent's portfolio and has even been sued by Tencent over its news and content aggregation platform Toutiao.

Is Tencent bigger than Microsoft

This is a listing of largest video game publishers and developers by revenue ranked by revenue for the fiscal year 2022-2023. Sony Interactive Entertainment is the world's largest video game company, followed by Tencent and Microsoft Gaming.

Tencent, which owns the popular chat app WeChat, the website Discord and various game companies, is used by 1.3 billion people across the world. In her executive order, Noem said Tencent posed cybersecurity risks to South Dakota, similar to Chinese-owned app TikTok and its parent company, ByteDance.Tencent is one of China's largest technology companies, offering e-commerce, cloud computing, entertainment, internet platforms, operational platforms, and business ecosystems. The company generates over half of its revenue from social media services, music subscriptions, and games.

How rich is Riot : Riot Platforms net worth as of April 15, 2024 is $2.17B.