Tencent is in discussions to take a minority stake in Hungry Studio, the developer behind the mobile puzzle game Block Blast!. The talks have been ongoing for several months and could lead to a deal announcement in the near future. Neither company has confirmed a final agreement.
The investment would fit Tencent's long-established pattern of backing studios with proven commercial success in mobile gaming and other segments of the global market.
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Block Blast!'s rapid user growth
Hungry Studio launched in 2021 with headquarters in Hong Kong. Since then, Block Blast! has become one of the most-played puzzle games on mobile. By late 2025, the game had attracted 70 million daily active users and 300 million monthly active users worldwide.
The title is now available in over 200 countries and territories. It has claimed the top spot in the puzzle category across more than 40 markets, showing consistent download volume and player retention. These numbers put Block Blast! among the standout mobile puzzle releases of recent years and likely factor into Tencent's interest.
Tencent's ongoing investment strategy
Tencent, headquartered in Shenzhen, typically pursues minority stakes in game developers rather than outright acquisitions. The company has invested in studios including Riot Games and Shift Up, building a portfolio that spans PC, console, and mobile platforms.
This approach lets Tencent extend its reach in the games industry while allowing partner studios to retain operational independence. A finalized deal with Hungry Studio would follow the same model: targeted investment in a developer with a scalable product and a large, engaged audience.
Recent changes within Tencent's studio network
The discussions come as Tencent adjusts its internal studio structure. The company recently closed TiMi Montreal, a studio founded less than five years ago that never shipped a game. While Tencent continues to invest globally, it has also scaled back certain internal projects.
An investment in Hungry Studio would signal continued emphasis on externally developed titles that already perform well in competitive markets, particularly mobile.
What a potential deal could mean
If the investment goes through, Hungry Studio would gain financial resources and strategic support to expand Block Blast! and potentially develop new games. For Tencent, the deal would strengthen its position in the mobile puzzle genre, a category that consistently drives downloads and daily engagement globally.
Neither company has publicly commented on the status of the talks.
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Frequently Asked Questions (FAQs)
Is Tencent buying Hungry Studio?
Tencent is in talks to acquire a minority stake in Hungry Studio. No final agreement has been publicly confirmed.
What is Block Blast!?
Block Blast! is a mobile puzzle game from Hungry Studio. By late 2025, it had reached 70 million daily active users and 300 million monthly active users globally.
Who owns Hungry Studio?
Hungry Studio is an independent developer founded in 2021 and based in Hong Kong. Tencent is reportedly in discussions to invest, but no ownership stake has been confirmed.
Why is Tencent interested in Hungry Studio?
Tencent regularly invests in successful game developers. Block Blast!'s large global user base and strong performance in the puzzle category make Hungry Studio an appealing investment target.
What other gaming companies has Tencent invested in?
Tencent has invested in multiple major gaming companies, including Riot Games and Shift Up, as part of its strategy to expand its global footprint in the video game industry.
