Tencent is developing two mobile games akin to the popular title Palworld, utilizing its subsidiaries TiMi Studio and LightSpeed & Quantum Studios in the hopes of revitalizing the company’s core gaming business, Bloomberg reported on Tuesday. Palworld, a monster-taming adventure game released on Jan. 19, has sold 12 million copies on Steam and attracted seven million players on Xbox, Japanese developer Pocketpair announced in February. Both TiMi and LightSpeed & Quantum Studios are working on a mobile version of Palworld, according to the report. Sources disclosed that the decision to engage two separate studios is aimed at fostering healthy competition and yielding optimal results. Tencent has yet to comment on the matter. [Bloomberg]