All publications by tag «tencent»
Tencent becomes Bloober Team’s largest shareholder by acquiring 22% of its shares for $19.5 million
Tencent continues to invest in Western developers by acquiring 21.97% of Bloober Team shares for PLN 77.6 million ($19.5 million). The deal makes the Chinese tech giant the biggest shareholder of the Polish studio.
miHoYo partners with Tencent, which reportedly agreed to reduce fees for Genshin Impact
Genshin Impact has been finally released on Tencent’s Android store. According to the latest reports, miHoYo reached a cooperation with the Chinese tech giant. It includes not only different promotional activities but also a reduced commission.
Harry Potter: Magic Awakened rakes in $22.7M in its first week, dethroning Tencent from top spot on China’s iOS revenue chart
Harry Potter: Magic Awakened, which is co-developed by Portkey Games and NetEase, launched in mainland China on Sep 9 to claim the top spot on the country’s iOS revenue chart.
Publisher MyGamez on China’s game licensing slowdown news: “High likelihood this is just a groundless rumour”
Publisher MyGamez, which helps Western mobile devs launch their games in China, has commented on last week’s report that the Chinese government slowed down approval for all new online games.
Chinese authorities order video games companies to remove content “breeding unhealthy tendencies” such as ambiguous representations of sexuality
In yet another curb on China’s video games industry, the country’s authorities told Tencent and NetEase to remove ambiguous representations of sexuality and identity from games. Content glorifying wealth should also be removed.
Tencent’s complicated relationship with Chinese government and media cost it $400 billion in market value
Tencent saw its market cap drop almost twice since the beginning of the year. It is all happening in the wake of new regulations from the Chinese government that has a long history of love-hate relationship with the games industry.
Leyou Technologies that Tencent bought for $1.3 billion turned into ‘satellite studio’
Last year, Tencent acquired Chinese holding company Leyou Technologies, which owns IPs like Warframe and Gears Tactics, for $1.3 billion. Following the acquisition, Leyou became a “satellite studio” due to the mass exodus of employees and a few cancelled projects.
It was Tencent all along! How China’s tech giant inspired Epic to bypass Google Play, something Google hoped Tencent would help stop
While the news around the Epic antitrust legal battle have been dropping for months now, it is just now that the court documents have been shared in an unredacted form.
Footage of Tencent employees touching women’s breasts at company event resurfaces amid Activision Blizzard scandal
Tencent’s annual parties reportedly used to include disturbing activities demeaning to women, as shown in the videos that reappeared online. The company event shown in the video took place in 2017. Since then, the Chinese tech giant has apologized for the behavior seen in the footage and promised to tackle it “head-on”.
Report: Tencent to acquire King’s Bounty developer 1C Entertainment
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.
Gaming deals activity in H1 2021: “4x growth vs. H1’20 on all fronts”
According to InvestGame, the gaming segment in H1’21 saw “a vast 4x growth vs. H1’20 on all fronts,” with $32.7B (vs. $7.7B in H1’20) deal value across 267 deals, including $20.4B in M&As (+486% YoY), $2.8B in private transactions (+367% YoY), and $9.5B in public offerings (+157% YoY).
Chinese companies might promote their ideals through Western game studios they snap, experts think
Tech giants like Tencent act aggressively in the M&A market, buying stakes in many Western studios. Amid the ongoing consolidation, some experts believe that Chinese companies could promote their values through games and even control the way reality is portrayed in them.
Tencent makes another M&A deal, investing in Swedish indie developer Stunlock Studios
Soon after announcing the $1.27 billion Sumo Group deal, Tencent has revealed another investment. The Chinese tech giant became a major shareholder of Stunlock Studios, a Swedish indie company known for its popular arena brawler Battlerite.