Chinese language tech big Tencent expands footprint in Playa Vista

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Chinese language tech big Tencent is considerably increasing its footprint in Los Angeles, opening an workplace in Playa Vista that would home 300 staff.

The Shenzhen, China-based developer of video games akin to “Honor of Kings” beforehand divided its U.S. division’s L.A. staff throughout three places of work in Santa Monica, Claremont and Century Metropolis.

The greater than 53,000-square-foot Playa Vista workplace, which opens this week, consolidates the workers into one house. Workers will transfer into the brand new constructing following COVID-19 security protocols.

“Los Angeles is a powerhouse for creativity and innovation, and we’re proud to deepen our roots locally with our long-standing companions within the online game and leisure industries,” mentioned Brent Irvin, Tencent’s normal counsel and president of Tencent America, in a press release. “We see great alternatives to proceed to develop our growth capabilities and product choices and to create high-value jobs in Los Angeles.”

Tencent America, the corporate’s Palo Alto, Calif.-based U.S. division, mentioned it plans to double the dimensions of its 150-person L.A. workforce. Over the subsequent three years, the corporate says it should rent staff for the brand new Playa Vista workplace who work in online game design and growth, programming and knowledge engineering.

“The neighborhood sits on the intersection of the expertise, gaming and leisure industries and is house to many huge tech corporations in addition to start-ups,” Tencent mentioned in a press release. “There’s a numerous and enticing expertise pool to attract on.”

The Playa Vista facility is positioned on West Jefferson Boulevard close to Fb’s workplace. The house features a health middle, cafe, manufacturing services and sport rooms. There are additionally themed areas that spotlight L.A. landmarks such because the Hollywood signal.

Playa Vista has been a well-liked space for tech corporations and is taken into account a part of Silicon Seaside — Southern California’s personal model of the Silicon Valley. Google in 2018 opened a greater than 450,000-square-foot complicated on the Spruce Goose hangar; and in 2016 Fb moved into a bigger Playa Vista workplace.

“What makes the situation enticing is its proximity to the remainder of Silicon Seaside, its location close to coastal communities, the campus-like configuration of many of the workplace house, in addition to the retail facilities at Playa Vista,” mentioned Ryan Patap, director of market analytics at CoStar, which offers industrial actual property data.

Tencent’s growth in Playa Vista comes as different Chinese language corporations akin to Dalian Wanda Group have retreated from Hollywood and U.S. leisure holdings.

Tencent and different Chinese language corporations have confronted rising scrutiny from the U.S. authorities. The Trump administration raised safety issues about Tencent’s messaging app WeChat and ByteDance’s video-sharing app TikTok, accusing them of permitting the sharing of U.S. consumer data with the Chinese language authorities. Each corporations have denied doing so.

Final yr, WeChat customers sued the Trump administration over an govt order that threatened to ban the app within the U.S. A choose issued a preliminary injunction in September suspending a ban on the app.

Tencent is also beneath scrutiny by the Committee on Overseas Funding in the USA (CFIUS) relating to its possession stakes in U.S.-based gaming corporations resulting from safety issues, Reuters reported.

Tencent has investments in different native leisure corporations. In 2018, Tencent took a minority stake in L.A.-based manufacturing firm Skydance Media for greater than $100 million. In 2021, a Tencent-led consortium elevated its possession in Santa Monica-based Common Music Group to twenty%. The corporate owns L.A.-based Riot Video games and has a 40% stake in Cary, N.C.-based Epic Video games, the maker of “Fortnite.” Tencent can be a strategic shareholder in digital animation studio Unique Pressure, which has an workplace in Culver Metropolis.

Tencent has 86,000 staff worldwide, together with about 400 within the U.S.

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