On Sunday, CNGgame released a report suggesting that from January to March 2022, the actual sales revenue of the game market in China was 79.474 billion yuan ($12.22 billion), up 3.17% year-on-year.
Zhao Danyang, the former vice president of Chinese short video platform Kuaishou, was sentenced to seven years in prison for accepting bribes of 7.56 million yuan ($1.16 million).
Xigua Video, a video app owned by ByteDance, has launched a lawsuit against Tencent for copyright infringement and unfair competition practices, claiming a compensation of 8 million yuan ($1.24 million).
On Monday, telecom equipment maker Coolpad and Tencent's cloud arm signed a strategic cooperation agreement. The two sides will set up a joint laboratory to conduct in-depth research into operating systems, and more.
Chinese smartphone brand realme will launch its Q5 series at 14:00 on April 20. The official preview put on by the company on Monday included several pictures and some information about configurations.
Cybersecurity company Qihoo 360 has recently launched a metaverse product called "N World," Tech Planet reported on Friday. The platform is composed of a number of "interest worlds," which can be created by users.
Tencent’s game accelerator announced on Wednesday that the company had undergone a business re-adjustment and will only support acceleration in Chinese service areas.
On Tuesday, Tianyancha App showed that Chinese tech giant Tencent had issued a patent for the method, device and equipment of a facial recognition payment system.
Indonesian tech giant GoTo Group officially made its debut on the Indonesian Stock Exchange (IDX) through an initial public offering (IPO) on Monday. The company's stock code is GOTO.
Ingeek, a Chinese supplier of intelligent and connected vehicles systems, announced the completion of a B round of financing worth several hundred million yuan. This round of financing was jointly led by Tencent and PICC.
eGame, a mobile e-sports platform owned by Tencent, announced on Thursday that it will terminate its operations on June 7 due to a change in business development strategy.
According to a report released by Sensor Tower on Thursday for March 2022, a total of 38 Chinese manufacturers were shortlisted in the publisher's Top 100 global mobile game revenue list.
This week: Tencent's WeChat suspends NFT accounts, Chinese AR glasses maker Nreal raises $60 million in series C+ funding round, Taiwanese pop star Jay Chou claims someone stole his Bored Ape NFT, and more.
Tencent’s social app WeChat issued a notice on Thursday regarding the progress of its rectification efforts for the enforced following of accounts while ordering at restaurants.
This week: Chinese tech giants tighten platform rules on digital collectibles as regulation remains uncertain, China strengthens control of capital outflow following US Fed's interest rate hike, and more.
