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There were a number of new developments across China's gaming industry this week, including the approval of 43 imported games, ImbaTV's announcement to host Valorant Competition and Bilibili's new partnership with Ping An Bank.
Riot Games, a subsidiary of Tencent, announced today its plans to reduce its workforce by 530 employees, which constitutes approximately 11% of the total personnel.
California-based game developer Riot Games has sued ByteDance's Shanghai Moonton Technology Co., Ltd. for what it called "blatant copying" of the mobile version of Wild Rift.
Tencent-owned Riot Games announced on Monday that it is settling a 2018 gender-based discrimination class-action lawsuit with California state agencies and current and former female employees for $100 million.
Riot Games announced on January 7 the first official global competition entitled "Wild Rift Icons Global Championship," set to take place this summer in Europe.