https://techcrunch.com/2022/09/05/tencent-lightspeed-studio-la/

Tencent, the biggest social networking and video games company in China, hasn’t really managed to scale its popular products in the Western mainstream. The behemoth’s international expansion for the most part has been achieved by investing in companies outside China, but now it’s upping its on-the-ground presence abroad through its most lucrative business — video games.

In the past two years, Tencent has significantly expanded the footprint of two of its most successful gaming studios, TiMi Studios and Lightspeed Studios, around the world, hiring local executives to run these overseas outposts.