Square Enix & Tencent to Co-Develop New AAA IPs and more

Japanese publisher Square Enix has announced a partnership with Chinese tech and entertainment behemoth Tencent to develop a new triple-A franchise. Tencent has been working with quite a few big companies such as Bluehole and Activision to develop new games (mostly on mobile) these years, and now Square Enix is joining the list too!

A press release posted on the official Square Enix website announced that the company formed a strategic partnership with Tencent, that will include the formation of a joint-venture company, co-development of AAA titles based on new IPs, licensing of existing IPs and more.
The partnership is decidedly strategic on both ends and aims at complimenting one another's strengths. Square Enix has tremendous skill when it comes to making story-driven games, and Tencent is adept at managing live services and the online frameworks that power them. There's no word on the focus of these games beyond them making use of Tencent's internet capabilities and Square Enix's creativity
“We have strong expectations for this strategic alliance with Square Enix Group. The alliance will enable us to couple our broad range of internet service capabilities to Square Enix Group’s superb creativity, and provide our customers with unprecedented content experiences on a global basis.” said Tencent Group Senior Vice President Steven Ma.
While Square Enix President and CEO Yosuke Matsuda comments “Tencent Group and Square Enix Group share the vision of utilizing technology and creativity to deliver unprecedented entertainment experiences and services to a global audience. This newly established alliance will be a strong boost to Square Enix Group’s strategy to diversify our content offerings and expand access channels to a wider customer base.”
With that said, both the companies are looking very confident by their verdicts and the players can expect some new upcoming breath-taking titles from the joint venture company.
It will be interesting to see what this partnership can do, given the resources of Tencent and the allure of Square Enix IPs.