
China's Game Industry Faces Massive Layoff Risk
Well-known game developers, including NetEase, Lilith Games, and IGG, have either curtailed development of in-house game projects or have laid off staff.
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Well-known game developers, including NetEase, Lilith Games, and IGG, have either curtailed development of in-house game projects or have laid off staff.
Chinese tech and gaming giant NetEase announced a new role play game titled "Shediao" on Friday and gave audience its first look at the new release.
Up to now, Chinese regulators have not yet released information to dispel the rumors, but gaming shares have all fallen. Tencent Holdings and Bilibili fell by over 8%, while NetEase fell by over 11%.
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.
NetEase Games, the online gaming division of Chinese internet technology firm NetEase, announced on Thursday its first studio in the United States, Jackalope Games, which is based in Austin, Texas.
On Wednesday, Chinese internet technology firm NetEase officially announced that its “Unknown Future” game will officially stop operating at 15:00 on March 14, 2022 with compensation arrangements to be provided.
<p>Laman web rasmi permainan mudah alih NetEx "Genesis Apocalypse" mengumumkan pada hari Rabu bahawa ia akan ditamatkan pada pukul 15:00 pada 14 Februari 2022 kerana penyesuaian strategi pengembangan dan operasi permainan.</p>
<p>Pengembang game ternama, termasuk<a href="https://pandaily.trade/company/NTES">Netease</a>Lilith Games dan IGG telah mengurangi pengembangan proyek game internal mereka atau memberhentikan karyawan.</p>