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Valorant and League of Legends developer Riot Games announced they are launching a new studio in Shanghai, China. Riot states the studio will focus on developing new IPs. Another goal is to expand the company's existing IP globally.
Vice president and head of China Leo Lin from Riot Games told CNBC that the company wants to bring its games to players around the world.
"At Riot Games, we're thinking player first and in China, we have a lot of passionate players for league of legends and riot games," the manager said. "As a result of this, we would like to double down in China and continue to work not only on esports but on game development. We are very confident about the market in China and we want to be here to serve our players."
Previously, the company reported that its mobile titles made over $100 million in player revenue to date. Don't forget to join our new Reddit page, our new Telegram channel, our Discord, follow us on Instagram and Twitter, where we are sharing breakdowns, the latest news, awesome artworks, and more.
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