All publications by tag «China»
Report: Tencent employees facing mass layoffs as latest lockdowns affect Chinese tech giants’ earnings
Chinese tech companies have been conducting staff cuts, according to the latest reports. Tencent is one of the firms to lay off employees at several departments amid regulatory pressure and the impact of the latest lockdowns.
Niko Partners: China’s mobile and PC game market to reach over $55 billion in 2026
China’s video game market will surpass $55 billion by 2026, according to the latest Niko Partners report. Analysts expect mobile to still account for the vast majority of total revenue, with the number of domestic players reaching 730 million people.
Total time underage players spent in Tencent games reduced by 88% after implementing new restrictions
Tencent has shared the results of its efforts to create the so-called healthy gaming environment. The Chinese tech giant noted how the latest restrictions implemented last year helped reduce total time spent by minors in its titles.
Investors concerned that China’s government might split up Tencent into separate companies
Tencent has been facing a lot of restrictions from Chinese authorities during the last few years. In the wake of the ongoing tensions, investors are concerned that the government might want to break up the tech giant.
China wants to cut time minors spend watching live streams in its continuing fight against online addiction
Chinese regulators want to spread anti-addiction laws that already apply to video games across live streaming and other online services. It would result in limiting the time and spend for underage users.
Tencent faces tens of millions of dollars in fines for violating China’s anti-money-laundering law
The regulation of tech companies in China is getting tougher as Tencent is now facing a potential fine for breaching the central bank’s compliances. It is suspected of allowing money-laundering schemes using WeChat.
Tougher regulations on games industry proposed in China, including complete ban on video games for minors
Chinese developers might face even tougher regulations on the games industry. Holding parents accountable and a complete ban on video games for underage players are among the new proposed measures.
Bilibili employee’s death sparks controversy over Chinese overwork practices
Over the weekend, one of the Bilibili employees passed away after working during the holiday week. Although the company denies this death has something to do with overwork, the incident caused debate about Chinese labor laws.
NetEase apologizes for tricking players into excessive spending in Harry Potter: Magic Awakened
Harry Potter: Magic Awakened players in China have made a petition for the game’s designer to resign, which reached 380 million views. It happened after complaints about NetEase tricking users into excessive spending during the latest in-game event.
Roblox takes down Chinese version of its app, which was crucial for its expansion into this market
Roblox had high hopes for its Chinese app as it was supposed to help the company expand into the local market. However, it has been suddenly removed from app stores. While not sharing specific reasons behind the decision, Roblox is now working on the new version.
What actually happened to Steam in China over weekend?
A few reports about Steam malfunctions in China emerged over the weekend, followed by headlines like “Steam might be banned in China.” The store’s client, however, is still working, but there are some nuances that signal potential government interference.
China’s regulator allows Tencent to update nine apps again, just three weeks after crackdown
Tencent has managed to partly settle its tensions with the Chinese regulators. Although the tech giant will be able to release updates for several mobile apps from its catalog, it is unclear whether the restriction on the release of new products will remain valid.
China’s authorities might make control over video games as strict as regulation of TV and films
China has tightened its regulation on the games industry over the last few months. The local publisher CMGE believes that the rules will soon become even stricter and similar to the ones applied to films and TV shows.