Tencent's Timi and Lightspeed studios develop open-world mobile games inspired by Palworld's success to boost gaming revenue.

Tencent is drawing inspiration from the success of Palworld, a viral hit game, to rejuvenate its core business. Two of Tencent's leading studios, Timi and Lightspeed, are independently developing mobile games blending open-world exploration with pet companionship and action elements, similar to Palworld. This strategy aims to cultivate in-house hits that can spur growth and offset recent challenges, including a 2% dip in gaming revenue and increased competition in cloud services and software offerings.