Part of ByteDance’s games may be sold to Tencent
ByteDance is trying to sell its games and other gaming assets. According to the Chinese publication LatePost, it is negotiating its sale with several companies....
Top 10 companies by estimated gaming revenue for the year 2021
Recently, there has been news circulating about Microsoft’s internal documents being leaked online. These documents were reportedly used in a lawsuit with...
Tencent’s Arena Breakout has attracted over 80 million players in a month
On July 13, Tencent released Arena Breakout. It is reported that the number of registered users in the game recently surpassed 80 million. Tencent now lists gameas...
Tencent to acquire majority shareholding in Techland
Techland announced today that Chinese company Tencent is about to become its majority shareholder. The move was announced by Techland’s founder and CEO, Pawel...
Tencent has acquired Lucid Games
Tencent continues to buy up European companies. It became known about the deal between Lightspeed Studios, a division of Tencent, and Lucid Games from Liverpool,...
Tencent is the most successful mobile publisher in 2022
data.ai unveils its annual Top Publisher Awards and Tencent is the most successful mobile publisher in 2022. Top 50 Publishers by global consumer spend...
Tencent has invested in two AI ventures
Tencent has invested in two large-scale AI projects, demonstrating its interest in this area. A side note: CVC Capital Partners and other investment firms are...
NetEase and Tencent become top developers by revenue in China in Q1 2023
NetEase and Tencent have become leaders in game development in China, earning 80% of total revenue for all video game developers operating in the country. A side...
Tencent grows its quarterly revenue again
Chinese giant Tencent has once again pleased with its financial performance. In Q1 2023, the company was able to earn $21.8 billion, up 11% from a year earlier....
China’s online gaming regulator has granted licenses for Tencent, NetEase, Bilibili, and XD inc.
According to Reuters, China’s online gaming regulator issued licenses for 27 foreign games in March, including games to be published by Tencent Holdings,...
Tencent fires more than 100 employees
For suspected corruption and embezzlement, Chinese tech giant Tencent has fired more than a hundred employees in 2022. According to Reuters, the company said...
Tencent revives in 2023 after the economy stabilizes
Tencent expects a “revival” as the economy stabilizes after downsizing, layoffs and refocusing. Improved efficiency was the dynamic that prompted Tencent...
Tencent acquires a 20% stake in SHIFT UP
Gematsu announces that China’s Tencent has bought a 20% stake in SHIFT UP, the Korean studio that created the mobile games Destiny Child and Goddess of...
Mobile games market report for August from SocialPeta
Using App Intelligence and other modules, SocialPeta has identified the top 20 global mobile games by revenue, downloads and advertising in August 2022. Side...
GlobalData: The value of the gaming industry will be $470 billion by 2030
GlobalData highlights the importance of mobile gaming in its latest report. By 2030, the value of the games industry will reach $470 billion. Mobile games will...
Sensor Tower report on mobile app revenues in the first half of 2022
Sensor Tower reports that the top 1% of Android and iOS app publishers accounted for 91% of the total app revenue that the mobile industry generated in the first...
InvestGame report on gaming industry revenues in the first half of 2022
InvestGame analyzed the gaming industry market and released a report for the first half of 2022. The company found that the value of M&A agreements increased,...
The number of mobile game users in China declined for the first time since 2008
A statistical report on the state of the mobile game industry in China at the end of the first half of 2022 showed a decline in the growth and revenue of studios....