Microsoft Becomes Third-Largest Gaming Company Following Activision Blizzard Acquisition
Following the $70 billion purchase of Activision Blizzard, Microsoft is now the third-largest gaming company in the world behind TencentContinue Reading
Tag: Tencent
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
Olympic Council Of Asia And Tencent Strike Partnership To Facilitate Esports Development
The Olympic Council of Asia (OCA) and the Asian Electronic Sports Federation (AESF) held The Asian Electronic Sports Development Conference and MOUContinue 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
GOX Partners With Tencent To Empower Indonesia’s Esports Livestreaming And Entertainment Business
Indonesia’s first game streaming platform, GOX, announced a partnership with Tencent Cloud this week to offer top notch livestreaming andContinue 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
Tencent’s Stake Sale In Sea Had Nothing To Do With Regulatory Risk
Last week’s decision by Chinese tech giant Tencent Holdings to sell part of its stake in Singapore’s Sea came notContinue 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
Remedy Entertainment Signs Deal With Tencent For Its First Games-As-A-Service Title
Remedy, the studio responsible for Alan Wake (and soon Alan Wake 2), announced a partnership with Tencent for its upcomingContinue 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
Esports Middle East Posts Record Breaking Revenue For 2021
Esports and gaming solutions provider, Esports Middle East (ESME), posted a 300% increase in revenue in 2021, driven by moreContinue Reading
A Record Eight Mobile Games Surpass $1B In Consumer Spending
A record eight mobile games have generated over $1 billion in consumer spending in 2021. Only five titles reached thatContinue Reading
Tencent Updates Progress Of Preventing Minors’ Addiction To Games
At the 2021 China Game Industry Annual Meeting this month, Tencent revealed for the first time its counter-measure and changesContinue 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
Arena Of Valor World Cup 2022 To Be Largest Ever Mobile Esports Event With $10 Million Prize Pool
The Arena of Valor World Cup (AoV), which is set for October 2022, will feature a massive prize pool ofContinue 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