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Activision Blizzard, led by CEO Bobby Kotick, reportedly put forward stricter conditions in contract renewal negotiations with the Chinese firm NetEase, including requiring it to pay the cooperation income of the next two years to Blizzard in advance once it completes the contract renewal.
Chinese esports company VSPN on Tuesday announced the completion of a multi-million dollar Series B2 financing round, led by Morgan Stanley Private Equity Asia (MSPEA). The funding will be directed towards the firm's global business expansion and the development of its esports content matrix, the VSPN+.
TiMi Studio, a video game development studio group under Tencent, was reported to suspend the development of a game project (internal code name: NXS) that was intended to compete with miHoYo's Genshin Impact.
Tencent Games, the gaming branch of Chinese Internet giant Tencent, announced on Wednesday that the "SPARK 2022" launch event would be held at 20:00 on June 27.
On April 12, Bilibili, a video-sharing website based in Shanghai, launched an event in collaboration with the popular game Genshin Impact.
The headquarters of HoYoverse, a global interactive entertainment brand owned by game developer miHoYo, was recently opened in Singapore.
Influenced by the news that the company would launch a Metaverse concept game "Brew Master", Chinese gaming company Zhongqingbao's stock rose sharply this week for the second day in a row.
Beijing-based mobile game developer Shizhisha became a wholly-owned subsidiary of Bilibili.
Perfect World, a leading mobile game company in China, announced a significant decrease in its net profits in 2021.
On August 15, Shanghai-based VR content production company Forking VR announced its completion of a pre-A round of financing totaling tens of millions of yuan, with investment from Sequoia China Seed Fund.
Faced with the huge uncertainty of the Chinese game industry, the Internet giant Tencent has recently canceled some of its non-core marginal businesses and laid off employees in China while accelerating its investment in the global game industry.
Chinese video game developer miHoYo's new work, "Honkai: Star Rail," started the second closed beta test on PC, Android and iOS terminals simultaneously on Wednesday.