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HomeIndustryGamingNewsTencent Reportedly Shutter Open World Game Studio Which Had Drafted in Former Assassin’s Creed Director
Tencent Reportedly Shutter Open World Game Studio Which Had Drafted in Former Assassin’s Creed Director
GamingEntertainment

Tencent Reportedly Shutter Open World Game Studio Which Had Drafted in Former Assassin’s Creed Director

•February 23, 2026
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Rock Paper Shotgun
Rock Paper Shotgun•Feb 23, 2026

Companies Mentioned

Tencent

Tencent

0700

NetEase Games

NetEase Games

NTES

Ubisoft

Ubisoft

UBI

Why It Matters

The shutdown signals Tencent’s reassessment of costly Western AAA ambitions, potentially reshaping investment strategies for Chinese publishers. It also underscores the challenges of translating mobile‑centric expertise into high‑budget console experiences.

Key Takeaways

  • •Tencent shuts TiMi Montreal after five years, no releases.
  • •Former Assassin’s Creed director Ashraf Ismail hired, later dismissed.
  • •Studio aimed for AAA open‑world, multi‑platform service game.
  • •Closure reflects Chinese firms scaling back Western expansion.
  • •TiMi Group continues focusing on mobile titles like Pokémon Unite.

Pulse Analysis

Tencent’s decision to shutter TiMi Montreal highlights the difficulty Chinese firms face when venturing beyond their mobile stronghold. While the TiMi Studio Group has built a reputation on hit mobile titles, the Montreal outpost was an experiment to create a cross‑platform AAA experience. The lack of a shipped product after five years suggests that the talent pipeline, development costs, and market expectations for open‑world services may have outpaced the studio’s resources and strategic alignment.

The hiring of Ashraf Ismail, a former creative lead on Assassin’s Creed, was intended to bring Western design pedigree to the project. However, his controversial exit from Ubisoft and subsequent departure from TiMi Montreal added a layer of instability. The studio’s silence on any announced IP, combined with internal staff awareness of the impending closure, points to possible internal mismanagement and a misreading of the competitive landscape for high‑budget games. This case serves as a cautionary tale for other Chinese publishers eyeing similar expansions.

Industry observers note that Tencent’s move mirrors a broader trend among Chinese tech giants pulling back from aggressive Western expansion post‑COVID. NetEase’s recent retrenchments and Tencent’s refocus on mobile ecosystems suggest a strategic pivot toward core competencies and more predictable revenue streams. For investors and developers, the TiMi Montreal shutdown reinforces the importance of aligning product ambition with realistic market dynamics, especially when crossing cultural and platform boundaries.

Tencent reportedly shutter open world game studio which had drafted in former Assassin’s Creed director

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