Immutable Secures $2.5B Valuation After $200M Raise
On March 7th, Immutable announced it had secured $200 million during a Series C funding round. This has led toContinue Reading
Tag: tencent holdings limited
$200M Funding Round Gives Immutable A $2.5B Valuation
The Australian company Immutable recently closed a $200 million Series C funding round that resulted in the organization being givenContinue Reading
New Logo And Press Website Unveiled By Riot Games
Riot Games, the world-famous publisher, developer, and tournament organizer owned by Tencent, recently updated its logo and launched a newContinue Reading
Free Fire And 53 Other Mobile Gaming Apps Banned In India
One of the world’s most popular esports titles can no longer be accessed in one of the gaming industry’s largestContinue Reading
VSPN Files For IPO With Hong Kong Stock Exchange
VSPN (Versus Programming Network Group) recently announced it filed for an IPO with the Hong Kong Stock Exchange. Through thisContinue Reading
Microsoft/Activision-Blizzard Deal Likely to Survive Legal Scrutiny And Federal Regulations
Any time a deal reaches the magnitude of the Activision-Blizzard sale, it invites a whole plethora of legal questions. TheContinue Reading
Sony Buys Bungie For $3.6B
Sony Interactive Entertainment recently announced it had purchased Bungie Inc. for $3.6 billion. According to Gamesindustry.biz, Bungie will act asContinue Reading
Phil Spencer Asks Nintendo Not To Do Anything That Would Harm The Gaming Industry
We are still dealing with the fallout that came from Microsoft’s acquisition of Activision-Blizzard. In a recent interview with TheContinue Reading
Chinese Government Rejecting Trademark Requests For Metaverse-Related Terms
The Chinese government has been rejecting trademark applications for various metaverse-related terms. According to the trademark tracking firm Tianyancha, multipleContinue Reading
Tencent Limiting Access To Video Games As Chinese Children Begin Four-Week Break From School
Tencent is continuing to restrict the amount of time Chinese children can spend gaming. The company recently implemented a strictContinue Reading
Business of Esports – Weekly News #387
In this week’s esports business news: GOX partners with Tencent, the New York Islanders launch a gaming team, Fnatic joinsContinue Reading
Tencent Reportedly Planning To Acquire BlackShark Gaming For $470M
According to reports, the Chinese technology giant Tencent recently agreed to acquire BlackShark Gaming from Xiaomi in a deal worthContinue Reading
Microsoft Announces Acquisition Of Activision-Blizzard
Microsoft made history on January 18th when the company announced plans to acquire the major video game publisher Activision-Blizzard. ThisContinue Reading
Esports Middle East LLC Reports 300% Revenue Increase In 2021
The Middle Eastern esports and gaming solutions provider Esports Middle East LLC (ESME) announced a 300% rise in revenue duringContinue Reading
Take-Two Purchasing Zynga For Almost $13B
Take-Two Interactive recently announced it had signed a definitive agreement to acquire Zynga in a cash and stock transaction. TheContinue Reading
Weekly News #181: Tencent Phone, Take-Two Zynga, Play To Earn Dominance, G2 Esports Music, Nexon Avengers, Sega NFT Doubts, Phil Spencer On Netflix
In the latest weekly news and podcast after-show (sponsored by YouGov), we discuss Tencent reportedly acquiring BlackShark Gaming, Take-Two buying ZyngaContinue Reading
What Were The Biggest Esports Investments Of 2021?
We are well into 2022, which means that we can begin to look back on the last year and allContinue Reading
Tencent Raises $3B By Selling Off Shares Of Sea Ltd
On January 5th, Tencent announced that it had raised $3 billion by selling off shares of Sea Ltd., the parentContinue Reading
Gaming Billionaire Forrest Li Sees Fortune Plunge By $11B Since October
Forrest Li, the chairman and CEO of Sea Ltd., has lost almost $11 billion of his fortune since the AmericanContinue Reading
Battlegrounds India Series 2021 Winners Will Receive Invite To The PUBG Mobile Global Championship
Tencent revealed late last month that the winner of Battlegrounds India Series (BGIS) 2021 will get a direct invite toContinue Reading
Was The Global Version Of Steam Banned In China?
The global version of Steam has been under attack in China. According to a December 25th article from TheGamer, theContinue Reading
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
Voodoo Investing $200M To Create Blockchain Gaming Division
Voodoo recently announced it will be investing $200 million to launch a blockchain gaming division that will offer NFTs. ThisContinue Reading
Turtle Rock Studios Acquired By Tencent
On December 17th, Tencent announced it had acquired Turtle Rock Studios, the parent company of Slamfire Inc. This deal willContinue 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
Tencent Creates New Game Publishing Division
On December 7th, Tencent announced it was launching a new video game publishing division called Level Infinite. Gamesindustry.biz said thatContinue 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