Since the tumultuous reveal of Highguard during 2025’s The Game Awards, there’s been a question as to where the funding for the game’s studio, Wildlight Entertainment, came from. Multiple new reports point to Tencent being among the backers.
According to The Game Business and Game File, Chinese internet behemoth Tencent funded Wildlight, at least in part, by way of the company’s TiMi division. Game File’s report said Tencent was the “lead financial backer.”
Wildlight described itself as a “fully-funded” studio on its website, but the team never explained what that meant or where its funding came from. On January 27, GameSpot asked the Highguard team if it could share any further information about funding sources, but the company never replied. In the wake of the reporting that Tencent funded Wildlight, a spokesperson for Wildlight told GameSpot on February 17 that it had no further information to share.
