online gaming Archives

Tencent Prepares for Global Release of Honor of Kings

Tencent's overseas distribution brand, Level Infinite, announced on Tuesday that it will launch the international version of TiMi Studio Group's MOBA game Honor of Kings before the end of this year.

BOX.Game Raises $5M in Angel Financing Led by Atypical Ventures

BOX.Game, incubated by leading coding and AI education company CODEMAO, recently announced the completion of an angel round of financing worth $5 million.

Tencent Receives $46,906 in Lawsuit with Game Account Rental Platform

Enterprise information inquiry platform Qichacha App showed that, recently, Tencent received 300,00 yuan ($46,906) as compensation for its lawsuit against a game account rental platform.

Perfect World Achieves Net Profit of $84.8 Million in Third Quarter of 2021

During the reporting period, the cultural and entertainment company achieved a total operating income of 2.533 billion yuan ($396 million), down 13.21% year-on-year.

Game Developer FunPlus Begins to Focus on Chinese Market

Pu Guannan, Vice President of FunPlus, a game R&D company, delivered a speech on October 22, explaining in detail how the company has created its own e-sports ecosystem.

Game Company Giant Network to Purchase 72.81% Equity of Mole’s World Developer

Shanghai-based game company Giant Network announced yesterday that it's ready to acquire 72.81% of Taomee Entertainment directly or indirectly held by Dongzheng Ruibo or its affiliated companies in cash.

Game Over: Tipoff Website Opened to Protect Minors from Game Addiction

It is getting dangerously close to "game over" for young players in China as the country is tightening its reins on their allotted time for video games.

Chinese Gaming Organization and 213 Gaming Firms Including Tencent and NetEase Launch Convention Against Game Addiction

On Thursday evening, a committee under the China Audio-Video and Digital Publishing Association, together with Tencent, NetEase and 213 other gaming firms, launched a convention on online gaming anti-addiction.

Beijing Sets Up Website for Public to Report Gaming Companies’ Infringement of Anti-Addiction Regulation

China’s gaming industry regulator on Thursday created a special website that encourages the public to report companies for any violation of recent state regulations designed to protect minors from video game addiction.

Beijing Company Fined for Illegally Providing Online Game Services to Minors

An information technology company in Beijing was warned and fined 100,000 yuan by Beijing police for illegally providing online game services to minors through its self-operated gaming platform.

Chinese Authorities Summon Gaming Firms Including Tencent and NetEase

On Wednesday, Chinese market regulators summoned Tencent, NetEase and other key online game companies, account rental and sales platforms and livestreaming platforms.

Tencent Calls for Further Regulation After CCTV Exposes Dark Transactions by Game Accounts

On Monday evening, Chinese state television network CCTV reported that a grey industry chain has been formed in which web users can play online games without various restrictions by paying money to rent another game account.

Tencent Boosts Global Investments with European Games as Focus as Beijing Cracks down on Online Gaming

Tencent has increased its investment in overseas startups by more than seven times this year in an effort to accelerate its global expansion, as Beijing cracks down on online gaming.

Facing Strict Regulation, NetEase’s Game Revenue Growth Falls to Single Digits

NetEase released its financial report for the second quarter of 2021 on Tuesday. Under the background of tighter supervision, the growth rate of NetEase's game revenue dropped to single digits.

China Cuts Time Minors Can Spend on Online Games

On Monday, Chinese regulator slashed the amount of time players under the age of 18 can spend on online games. Those under the age of 18 can now only spend an hour playing online gameson Fridays, weekends and holidays.

Tencent Launches First Mobile Game Off Limits to Underage Users

Tencent announced on Wednesday that from 12 a.m. on September 25, 2021, all underage users will no longer be able to log into its mobile game Light and Night.

NetEase First Quarter Revenue Beats Expectations, Posts $502 Million Net Income

Chinese video game and entertainment company NetEase beat analyst expectations for its first quarter revenues as the company increased its online games revenue with new game launches and further monetized its music streaming app.

Tencent Q1 Revenue Boosted By Gaming Business Despite COVID-19 Lockdowns

Tencent Holdings reported on Wednesday a 26% year-on-year increase in its revenue for the first quarter of 2020 with its video games business generating more than a third of its revenue.

More Than Half of Mainland Listed Gaming Companies Recorded Slow Growth in Q1

More than half of the 32 gaming companies listed on the Chinese mainland predicted slowed year-on-year net profit growth for the first quarter of 2020.

Ubisoft partners with Tencent to bring top games to China

On March 21, Ubisoft and Tencent have reached a strategic agreement in which Tencent will operate, release and promote Ubisoft’s most successful PC and mobile communications products in the Chinese market. The deal reinforces the link between the world’s leading video game developers and China’s largest online gaming and social networking operators.

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