Tencent Games Platform called WeGame to be Steam competitor
For over a decade, #Steam stood at the top as a digital #gaming storefront. Hence recent news, what we once though to the better chocie for buying games. The only other storefront holding up again it is GOG.com. Which continues to be some competition, but not nearly as big as Steam. So there may be a coming change it seems. Valve’s storefront will actually have some competition as the Chinese investment holding company #Tencent (0700 230,20 +2,20 +0,96%). The company announced that it will launch their own digital store, WeGame. Which will be a global platform.
So from the beginning, WeGame only existed in China. However going forward, that will change, according to a twitter post from analyst Daniel Ahmad.
Looks like Tencent will rebrand its 'Tencent Games Platform' to 'WeGame'.
It's basically Tencent's version of Steam. pic.twitter.com/Rx7ndSXJVM
— Daniel Ahmad (@ZhugeEX) April 16, 2017
Since China’s PC gaming market is primarily dominated by Tencent. With no mention of Linux in the mix. Yet still becoming the the largest gaming company in the world. Hence the market capital of $270 billion USD ($2.16 trillion HK). So to make things more clear, Tencent owns League of Legends and Riot Games themselves. While also having shares in Supercell, Epic Games and Activision Blizzard. Also dipping into VR, where Valve again has been the major player. With further support coming for Linux.
Since Tencent already have more users, some 200 million according to Ahmad. Steam comes in with a count of more than 125 million. This gives a significant advantage right from the beginning. Plus they are one of the world’s largest and most successful internet companies as well.
So this will create some competition for Valve. Since the company has been moving along with VR. And let’s face it, Steam has been the biggest digital storefront for Linux, Mac and Windows PC. While some Steam users complain about quality reviews. This new change will be interesting to see how many users are willing to try the new platform? Or maybe even use both. But no news on whether Linux will be officially in the mix.
“On 31 July 2008, Tencent released an official client for Linux, but this has not since been kept in step with the Windows version and it is not capable of voice chat.”
So there is no word about the plan going forward yet. But another digital storefront to look forward too. This will be a wait and see. Even though the Tencent platform shows a counter for the Windows client being downloaded nearly 4.5 billion times. WeGame should be available soon. And when we have more information about Linux, we’ll be sharing that news.