
Well-link Completes $62.78 Million in B Round of Financing, Led by Future Capital
Well-link, a Chinese cloud gaming service provider, announced that it had completed the B round of financing with a total amount of 400 million yuan ($62.78 million).
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Well-link, a Chinese cloud gaming service provider, announced that it had completed the B round of financing with a total amount of 400 million yuan ($62.78 million).
Game publisher Kepler Interactive said Tuesday that it had received $120 million in funding from Chinese game developer NetEase, Reuters reported.
Chinese regulatory authorities issued a notice calling for the strengthening of measures to prevent minors from spending too much time playing games. Many Chinese gaming companies have responded quickly.
Shanghai-based video game company MiHoYo on Monday announced the launch of a new brand called "HoYoverse."
China released the approval information of imported online games in 2023 on March 20, and a total of 27 games were approved. NetEase's "Audition: Everybody Party" and Bilibili's "Pretty Derby," and Tencent's "Merge Mansion" are all on this list.
China Mobile Games and Entertainment Group Limited (CMGE) announced on August 5 that it has obtained a full range of IP authorization under DreamWorks Animation LLC.
Former Chinese president Jiang Zemin passed away following a battle with leukemia on November 30, at the age of 96. Authorities later announced that they will hold a memorial service in Beijing on the morning of December 6, and that public entertainment activities should be suspended for the day.
ByteDance's games business has recently adjusted its organizational structure, as its original Chinese and global distribution studios have now merged into a new entity called ONE Publishing Studio.
Shanghai-based game developer miHoYo has announced on September 16 that it will soon kick off its "Genshin Impact" animation project in partnership with ufotable, a well-known Japanese animation production company.
On March 2, Huang Yimeng, founder of XD Inc., revealed on social media that there were game companies that had cut their outsourcing concept artists team. He wrote, "AI has actually begun to affect many people's jobs."
LightSpeed Studios, a prominent Chinese game developer and subsidiary of Tencent Games, announced on Monday that it has conducted a comprehensive upgrade of its branding and vision.
Chen Shaojie, the Chairman and CEO of Chinese game livestreaming company Douyu, has gone missing for nearly three weeks.