The Chinese internet giant Tencent has officially acquired Riot Games, the developers of League of Legends. Competitors say the CEO is the “King of Copycats.”
In 2008, Tencent acquired the rights to LoL for China, and in 2011, it purchased a majority stake in Riot Games. Now the LoL creators have announced: Tencent has acquired the remaining shares.
This will also affect the compensation of “Rioters,” the employees at LoL. They are expected to benefit financially from the success: In addition, the company already offers employees “highly competitive pay,” social plans, medical care, a kitchen with snacks, and numerous other benefits. They reference the article from the job review portal Glassdoor, stating that Riot Games is a top workplace.
Tencent is a Chinese internet company. Competitors accuse the company’s CEO Huateng “Pony Ma” Ma of being the “notorious King of Copycats.” Most of his projects are not innovations but rather Chinese versions of successful Western services or companies. Tencent offers social networks, websites, eCommerce, chat programs, and much more in China. They became known as “China’s answer to AoL.”
In the MMO sector, they appear as a Chinese publisher frequently of Korean, but also Western online games. At their own expo, they showcased games like Lost Ark, Blade and Soul, Call of Duty Online, Monster Hunter Online, and War Thunder this year.
Furthermore, they also distribute Candy Crush Saga in China.
