Tencent is continuing its acquisition spree, with the latest report claiming that the Chinese company is ready to buy 1C Entertainment. The Russian-founded and Poland-based company is best known for reinventing the iconic King’s Bounty series.

Mobile publisher Playrix has announced the results of its annual nonprofit contest, which lets employees request finances for a charity of their choice. The company allocated a total of $115,000 for this initiative.

In just 24 hours, shares of the Chinese tech giants like Tencent and NetEase dropped drastically in the wake of the state newspaper comparing games to drugs.