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