
ByteDance Acquires Chinese Game Developer C4Games, Advancing Globalization Efforts
Hu Bing, CEO of C4Games, issued a letter to his employees on Tuesday to announce that the company had been officially acquired by ByteDance.
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Hu Bing, CEO of C4Games, issued a letter to his employees on Tuesday to announce that the company had been officially acquired by ByteDance.
One of China's official media outlets published an article entitled "the opportunity in the gaming industry cannot be missed". The news sent stock prices of Chinese game makers in Hong Kong shooting upwards.
VR games publisher Netvios has announced its completion of A-round financing worth over 100 million yuan ($14.8 million).
Activision Blizzard, a leading US video game developer, released its financial report for the third quarter of fiscal year 2022 on November 8, acknowledging potential problems with its title publication business in China.
Gangzhou-based game developer 37Games said at an online performance briefing on Tuesday afternoon that many of its 2022 games have obtained regulatory approval for publishing and operations in China.
Guangzhou-based game developer 37Games will introduce face recognition technology within its games to protect the health of minors, preventing them from fraudulently using adult accounts to play games.
These games will not be able to be sold in its online mall in the future. The move follows the recent regulations issued by the Chinese government.
Tencent Games officially assured that its subsidiary Shenzhen Tencent Tianyou Technology Co., Ltd. is one of the key entities in its game operations.
Chinese internet firm Tencent announced Wednesday that its well-known game "QQ Tang" will officially cease operations in the Chinese mainland, and the game server was closed at 11 a.m. today.
Jim Yang, the former General Manager and Head of Global Studio at Finnish game firm Supercell, joined Genshin Impact's developer miHoYo earlier this month.
Chinese game publisher miHoYo recently sued Minmetals International Trust Co., Ltd. ("Mintrust") following a business trust dispute.
With this deal, the Chinese internet giant replaces Polish investment firm Rockbridge TFI to become the gaming company's largest shareholder.