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This week: Crypto investor Sequoia Capital China raises $9 billion, Chinese beauty app Meitu records up to $52.3 million in net losses amid crypto market crash, Animoca Brands leads $32 million funding round for Web 3.0 gaming company Planetarium Labs, and more.
ByteDance is re-entering the gaming industry, with Zhang Yunfan appointed as the head of ByteDance's gaming business.
ByteDance is seeking to sell its subsidiary gaming company, Moonton Technology, for a price not less than $5 billion, and has hired Goldman Sachs as a financial advisor to assist in finding and contacting potential buyers.
Recently, Gamma Data (CNG), a Chinese research institute specializing in investigation and analysis of the gaming industry, released “2019 Third Quarter Report of China Gaming Industry”.
Chinese smartphone maker Nubia released the Nubia Play, a 5G smartphone dedicated to mobile gaming.
On April 11, Beijing, Shanghai, and Guangzhou, introduced new regulations for Chinese gaming companies.
On December 10, OPPO held their INNO DAY 2019 event, promoting their theme of ‘Create Beyond Boundaries’.
Tencent Games officially assured that its subsidiary Shenzhen Tencent Tianyou Technology Co., Ltd. is one of the key entities in its game operations.
Shenzhen, China, will serve as the host city for the 2021 League of Legends World Championship Finals, one of the biggest esports competitions in the world.
On November 15th, Tencent Holdings Ltd. released its third-quarter financial report, showing a revenue of 154.63 billion yuan, a year-on-year increase of 10%, and a net profit (Non-IFRS) of 44.92 billion yuan, a year-on-year increase of 39%.
In an interview with The Kyoto Shimbun, Nintendo CEO Tatsumi Kimishima confirmed that the company was developing a sleep tracking device, and expressed his atti...
Chinese gaming companies recorded robust revenue growth on mobile platforms in April, as major players in the field roll out content updates for their existing games and launch new titles.