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Capable of rendering console-quality graphics and with access to a library of hundreds of thousands of games from around the world, mobile gaming is taking over. US gamers alone spent more than US$2.6 billion on smartphone games and in-app downloads in 2014.
Calm may have been restored for now, but mainland China regulators will now only be too aware to consider the financial impact of what they propose.
Despite huge profits, the world’s biggest gaming company by revenue is living up to its responsibilities by restricting how much time and money youngsters can spend on its platform.
Expansion of Hong Kong’s stock market aims to make it more representative with mainland companies in the majority, but it does little to encourage the city’s innovation and entrepreneurship.
Razer is looking to capture the youth audience for gaming and translate in into dollars as they mature and need other services
- Zhang Yunfan, a former executive at video-gaming company Perfect World, joined ByteDance in April to lead the Shanghai-based studio
- Moonton has emerged as a key player in the global market for MOBA games, led by Dota2 and League of Legends
Strong financial results by the two companies are the touchstones of the earnings growth that global investors are looking for, as they debate whether China’s post-pandemic recovery was a flash in the pan.
The social media and video gaming giant saw revenue rise 6 per cent in the first quarter, with online advertising revenue growing 26 per cent year.
Chinese tech giants Tencent and NetEase announced back-to-back new title releases, in a sign of intensified competition among the country’s top two video gaming publishers.
Lingxi Games has discontinued its Ant Engine project, as parent Alibaba pares down investment in its non-core businesses.
Around 30 people were laid off after Kuaishou Technology disbanded its video gaming studio in Beijing.
This was the smallest batch of video games approved so far this year by regulator the National Press and Publication Administration.
The app marks the latest effort by Alibaba to improve users’ experience on its various online platforms via augmented and virtual reality technologies.
The US gaming giant behind the popular Warcraft and Diablo series and long-time partner NetEase are expected to announce a new deal on Wednesday.
Chinese video-sharing platform Bilibili has restructured its content units and is doubling down on the live streaming business, as the US and Hong Kong-listed company struggles to make a profit.
A 15-year-old boy in China became so obsessed with an online gambling game that he used all his father’s hard-earned money and his sister’s bride price to bet on it.
The Web3 video gaming unicorn has signed an MOU with Saudi Arabia’s state-backed science park, months after a US$50 million investment in its Neom smart city.
Video game sales, traditionally Tencent’s strongest revenue driver, declined in the fourth quarter.
Tencent is said to have snapped up some of ByteDance’s ditched video gaming projects amid continued industry consolidation.
Akira Toriyama died at the age of 68 because of a blood clot on the brain, a statement posted to the official Dragon Ball account on X, said.
Wang Ye, 24, had initially tried to stab the victim with a pair of scissors, but went for a kitchen knife instead after the 45-year-old Singaporean homeowner intervened, the court heard.
At least 18 South Korean video games have been granted licences for commercial release in mainland China since late 2022.
Douyu and Huya say they have no plans to merge after a failed attempt in 2020, but they are collaborating as Tencent prepares to allow its top games back on rival platform Douyin.
The visionOS version of DingTalk supports special features available only on Apple’s new device, including realistic avatars known as Persona.
Only three of 33 Chinese video gaming companies said ‘global political and economic turbulence’ had a ‘relatively big’ impact on overseas operations, according to industry survey.
Hong Kong watchdog’s call for better regulation on games of a gambling nature is worth considering.
If you’re disappointed there’s no new GTA coming out this year, don’t worry, there are plenty of exciting releases to make up for it, including Pacific Drive, and Destiny 2: The Final Shape.
The call to break more digital barriers in China’s internet industry comes days before Tencent’s flagship video game, Honour of Kings, returns to ByteDance-owned Douyin’s live-streaming platform.
The retreat by ByteDance from the mainstay of Tencent’s business is likely to bring the curtain down on a series of online spats and court battles between two internet giants.
Althiough 2023 ended with a market rout, many analysts expect more overseas opportunities for Chinese video game developers in 2024, helped by quality titles.
Investment reflects fund’s optimism over beaten-down market, where valuations are ‘absolutely incredible’, says fund manager.
The Shanghai Municipal Tax Service’s explainer became widely circulated on Sunday after some local crypto enthusiasts suggested that authorities are starting to acknowledge the legitimacy of cryptocurrencies.
Top official’s departure comes as Beijing attempts to limit the damage from draft rules aimed at reining back spending on video games, which sparked a market rout.
