At Least 100 People Laid Off From Baidu’s Video Games Unit
According to sources close to the matter, the Chinese search engine Baidu recently announced plans to lay off at leastContinue Reading
Tag: South China Morning Post
2021 Was China’s Slowest Year For Revenue Growth Since 2018
The Chinese video game market has taken a hit this year following the introduction of regulations throughout the country. AccordingContinue Reading
The Sandbox Founder Says Big Tech Threatens Open, Blockchain-Based Metaverse
Big Tech firms could threaten an open metaverse, as their business models go against a decentralized internet where users ownContinue Reading
ByteDance Reportedly Laying Off Employees At One Of The Company’s Gaming Studios
ByteDance, which is the parent company of TikTok, was recently forced to lay off dozens of employees from one ofContinue Reading
“PUBG” Esports “May Be Done In China” Due To Government Pressure
China’s crackdown on gaming continues as reports come in that PUBG has been removed from China’s top three streaming platforms.Continue Reading
Reports: China Will Begin Issuing Online Video Game Licenses Again
According to 21st Century Business Herald, the country is expected to begin once again issuing online video game licenses inContinue Reading
Tencent Posts Q3 Financial Results, Acquires Wake Up Interactive, Removes Fish Shooting Games From App Stores
Tencent Holdings Ltd. recently posted the company’s financial results for the third quarter of 2021. The organization reported Q3 2021Continue Reading
Analysts Say “League Of Legends” World Championship Win Helped The Chinese Gaming Industry
Edward Gaming, which is a Shanghai-based esports team, recently defeated Damwon Gaming to win the League of Legends World Championship.Continue Reading
Report: Tencent Aims To Move Further Into The Metaverse With New Gaming Studio
Tencent is reportedly looking to build an advanced gaming studio according to sources close to the South China Morning Post.Continue Reading
Report: China Temporarily Suspending Approval Of Online Games
China recently announced it has suspended approval of all new online video games. According to the South China Morning Post,Continue Reading
Website Established For Reporting Irregular Gaming Activities; China Hands Down First Video Game Company Fine
A new website was recently launched in China that encourages members of the public to report companies for violating regulationsContinue Reading
Leyou Left To Struggle Following Acquisition By Tencent
It was announced that Amazon had canceled an online gaming deal with Leyou. This happened because Amazon could not comeContinue Reading
Louis Vuitton And Burberry Enter The NFT Gaming Space
Burberry recently announced it would be releasing an NFT game character in the online multiplayer title Blankos Block Party. TheContinue Reading
Tencent Launches Over 60 New Video Games, Announces Partnership With Microsoft
On May 16th, Tencent Holdings unveiled over 60 new video game titles at the organization’s annual gaming conference. This newsContinue Reading
Razer CEO Expects Profits To Continue To Grow
Razer CEO Tan Min-Liang recently spoke to Josh Ye of the South China Morning Post. During the interview, he saidContinue Reading