Watch out Steam — Tencent to launch 'WeGame' storefront worldwide

Daniel Ahmad
Tencent, the lucrative Chinese investment holding firm, is set to launch “WeGame,” a digital storefront for PC games that looks to be a Steam competitor.

WeGame was uncovered by Daniel Ahmad (via Polygon), an analyst at Niko Partners who covers the games market in China.

The Tencent Games Platform is already extremely successful in China, as it boasts more than 200 million active users, according to Ahmad. WeGame, however, signals Tencent’s hopes for a global reach. It will support users both in China and across the world, feature localizations, and perhaps most importantly, offer a singular storefront. Developers and users will be able to interact on WeGame, although it’s unclear to what extent at this time.

Unlike the CD Projekt owned GOG and EA Origin, Tencent has a realistic chance at dethroning Steam from its top spot in digital games distribution. Not only does Tencent already have a robust user-base in China, but it has taken steps in recent years to expand its reach across wide swaths of the video game industry.

The company owns League of Legends developer Riot Games and Supercell, the mobile developer behind colossal moneymakers such as Clash of Clans and Clash Royale. Tencent has a sizable minority stake in Epic Games, the studio behind the Gears of War franchise, as well as Activision Blizzard. It has quietly become one of the most powerful companies working in video games today, along with being the industry leader in terms of revenue. Tencent is responsible for roughly 13 percent of total video game revenue per year.

Most of its video game revenue, however, has been accrued in Asia, and specifically China. If WeGame, which will bear an almost uncanny resemblance to Steam, becomes a success, Tencent’s growing power in video games could multiply. In the process, WeGame could also displace PC gaming’s most recognized companies in Steam.

WeGame is expected to launch soon.

Product Review

‘Super Smash Bros. Ultimate’ is an ode to gaming that lives up to its name

Super Smash Bros. Ultimate is a loving tribute to Nintendo and video game history. It’s a terrific multiplayer fighter that also has plenty for single-player fans to love this time around.

The Epic Games store is already luring indie studios away from Steam

The Epic Games Store is less than a week old, but it's already making waves among indie studios. Multiple studios have announced that their games will be timed exclusives on the Epic Games Store, with one studio forgoing Steam completely.

Check out the best Green Monday deals for those last-minute gifts

Black Friday and Cyber Monday have come and gone, but that doesn't mean you've missed your chance of finding a great deal. We're talking about Green Monday, of course, and it falls on December 10.

Itching to fight in an online match with friends in 'SSB Ultimate'? Here's how

You can play online against your friends in Super Smash Bros. Ultimate, but it isn't quite as simple as you might expect from a multiplayer game in 2018. Here's how you can do so using the Battle Arena system.

PlayStation Classic hacked in less than a week to play games via USB drive

Hackers have already managed to crack the PlayStation Classic, with programs now available to allow users to play additional original PlayStation games on the system via a USB drive.

‘Fortnite’ adds sword from ‘Infinity Blade,’ which disappears from App Store

Epic Games has added the Infinity Blade melee weapon to Fortnite just as it pulled all three games in the Infinity Blade trilogy from sale. The games are still available to download if you bought them.

Still trying to unlock your main in 'Super Smash Bros. Ultimate'? Try these tips

Super Smash Bros. Ultimate is Nintendo’s biggest entry in the series to date with over 70 characters to unlock, but the process can feel tiresome. Here are our tips to unlock your roster as quickly as possible.

How you can give your PS4 a fresh start with a factory reset

Learn the many ways you can factory reset your PS4. From reverting your settings to factory to doing a full wipe and reinstalling the latest PlayStation firmware, we cover it all here, step by step.

How to make a clan in ‘Destiny 2’ and where to go from there

Want to know how to make a clan in 'Destiny 2'? Here's everything you need to know, including how to design your clan's banner, earn extra loot, and help other players with guided games.

Put down the controller and pick up the best phones for gaming on the go

Which phones are the best if all you want to do is play some mobile games? We've done the hard work and put together a list of the best gaming phones on Android and iOS, so you can keep playing and winning.

Need help getting the Sleeper Simulant in 'Destiny 2'? We’ve got you covered

The Sleeper Simulant is one of the coolest new Exotic weapons you can unlock in the Warmind expansion of Destiny 2, but it's an involved process that will take awhile. Here's everything you need to know.

Ditch the meditation app. 'Katamari Damacy Reroll' is pure gaming zen

Katamari Damacy Reroll brings the magic of the PS2 classic to Nintendo Switch and PC. With updated visuals and the same great, singular loop, Reroll stands the test of time. Katamari Damacy is the ultimate relaxation game.

Xbox One S vs. PlayStation 4 Slim: Which console is worth your money?

Microsoft's new Xbox One S and Sony's PlayStation 4 "Slim" have bucked the generational gaming console trend. But which of these stopgap systems is worth spending your paycheck on?

Check out the best Xbox One deals and bundles for December 2018

Microsoft's consoles are just as capable of streaming movies as they are of playing the latest games. Check out our top Xbox One deals and bundles, which include new and upcoming triple-A games like Battlefield V and Fallout 76.