New Studio
Netease announces new studio led by former Resident Evil & Devil May Cry producer
Called GPTRACK50, the new studio represents a massive step from mobile into the console & PC markets for Netease
Hires
Jetsynthesys hires Krafton's ex-Head of Corporate Development
Anuj Tandon, previously Head of Corporate Development for India and MENA with Krafton, has been brought on as CEO of Gaming at Jetsynthesys
Chinese Market
Chinese mobile market revenue to decline for first time in two decades
China’s lucrative mobile sector, has been forecast to decline for the first time in twenty years
Chinese Gaming Market
China’s gaming market decreases 19.1% quarter-on-quarter
The Chinese market is valued at $8.2 billion
Ceremonies And Celebrations
AviaGames CEO and founder Vickie Chen celebrated as an Industry Leader and Female Executive of the Year by Forbes China and Stevie Awards
Forbes China ceremony has now taken place; Stevie Awards ceremony is coming in November
Guest Post
Ivan Karpinsky Greater China CBO at Azur Games on succeeding in the Chinese market
One of the world’s biggest mobile gaming markets poses unique challenges to developers
Trouble For Tencent
Tencent loses status as China’s biggest company
The company’s stock price has fallen $623 billion from its peak
News
Additional $40 million of funding raised by Well-Link, the graphics as a service provider
Mihoyo, Developers of Genshin Impact, were part of the second round of investment conducted by the GaaS provider.
News
ASUS Republic of Gamers announces gaming tournament to promote new mobile device
PUBG and Call of Duty mobile will form the playlist for a series of “Exclusive Influencer tournaments” to promote ROG’s new phone.
Genshin's Growing Giant
Genshin Impact surpasses $3.6 billion revenue ahead of second anniversary
The game made $12 million revenue on day of Version 3.0 release
Chinese Licenses
NetEase and Tencent subsidiary receive game approval in China
Allstar Streetball Party and Defense of Health have been approved for release
We Have Rift Off
League of Legends: Wild Rift - from PC classic to breakout mobile hit
The success of League of Legends: Wild Rift proves that even hardcore PC games can successfully make the leap to mobile - data.ai drills into the details
Financial Report
NetDragon sees a 26.3 increase in revenue year-on-year
Eudemons proved to be a strong performer despite a decrease in overall revenue
Layoffs
ByteDance reportedly downsizes games divisions
Hundreds of employees have reportedly been laid off as the brand refocuses
A League Of Its Own
Andrei Van Roon appointed head of League Studios
A new role as League of Legends: Wild Rift hits a milestone $750 million in revenue
It's Super Effective!
The Pokémon Company sues six Chinese companies
The lawsuit is being filed due to copyright infringement
Financial Audits
NetEase and Alibaba among first in line for US audit inspection
NetEase and Alibaba among first in line for US audit inspection
Quarterly Report
Tencent reports first quarterly loss since first listing in 2004
The company’s revenue has decreased 3% year-on-year
Bold New Moves
Unity attracts major, local investors as it expands into the Chinese market
The move has attracted investments from some of the country’s tech giants
Gaming In China
Niko Partners: 40% drop in Chinese young gamers after September regulations
However, the number of Chinese gamers will rise to 115 million by 2026, predicts the market intelligence provider
All-star
Dreamworks characters headed to mobile with CMGE partnership
China Mobile Games bringing characters from Shrek, Madagascar, Kung Fu Panda and more to small screens everywhere after 2021 income of $586 million
Global Mobile Market
IP-Power and Eastern markets play a major role in July mobile industry performance
The month saw big success for midcore titles.
Release Reignition
Diablo Immortal launches in China after 20 million worldwide download milestone
Release follows delays of more than a month
Ready To Launch
Diablo Immortal nearing launch in China after delay
Sources claim delays were a result of social media post taken as criticism of China’s president
Home Of The Hoyoverse
miHoYo selects Singapore as metaverse division headquarters
HoYoverse development will be focused in the city state
¥1.1 Million Fee
Shanghai tech firm fined $163,000 for unlicensed game publication
One of the country’s harshest penalties for such cases
Game Licenses
NetEase and Tencent denied licenses in China
The companies were absent from the list of 67 new game approvals
Rules And Regulations
Tencent confirms strict gaming restrictions for minors in China will continue
Strict regulations attributed to stagnation of growth in Chinese tech industries
The End Of An App
Tencent is closing its mobile games portal WeGame
PC version expected to remain online
Turbulent Times
Research and Markets report finds China’s playerbase fell to 706 million in 2021
China Mobile Games 2022 report predicts mobile and PC games revenue will reach $55.23 billion in 2026
Go West
Chinese studio XD prioritises US In expansion bid
Ragnarok Mobile and Human: Fall Flat port developer looks west to bypass China's regulatory restrictions
Moba And Rpg Popularity Continues
Chinese game market revenue down 7 per cent in May
Sales revenue of Chinese game market reached $3.4 billion, down 6.74 per cent year-on-year, according to Gamma Data
Investment With Intent
MSA Novo invests in Tamatem Games' Chinese expansion
New partnership forged between companies to bring "top-tier" mobile games to the Arabic-speaking market
Regulatory Reversal
China approves 60 more games in 2022
58 titles approved by the National Press and Publication Administration are explicitly mobile games, in continuation of regulatory reversal
Tiktok Testing
TikTok wants to release in-app games this year
Testing may be in progress in Vietnam
Meeting Milestones
57% of PUBG Mobile player spend comes from China
Worldwide revenue reaches beyond $8 billion
China's Climb
Chinese mobile games revenue surpassed $9 billion during Q1 2022
Revenue up 2.72% year-over-year
Corporate Changes
William Ding steps down from corporate roles at NetEase subsidiary
Relinquishing roles as legal representative, general manager and director of subsidiary
F In Chat
China halts unauthorised games livestreaming
Latest regulations apply to unauthorised and non-domestic games
Curtailing
Tencent shuts down Chinese gamers access to overseas games
Incoming update to network acceleration app will halt users playing foreign games and accessing foreign online servers
Open For Business
China lifts games licence freeze, 45 new games approved
New games from XD Inc, Yoozoo Games, and more after nine month standstill
Towering Over
Tencent games revenue up 9.9% in 2021 to almost $33 billion
Solidifies position as largest games company worldwide by revenue
Sonic Boom
SEGA announces Jinke as exclusive licensee of Sonic the Hedgehog mobile titles
Entertainment firm declared exclusive licensee of Sonic Dash and Sonic Dash 2: Sonic Boom in mainland China
Strong Growth
NetEase revenue jumps 19% to $13.75 billion, mobile games do $9.6 billion
Boosted by new titles such as Harry Potter: Magic Awakened and Revelation
Aspiring Aspirants
Moonton launches Mobile Legends: Bang Bang NFTs on Binance
Featuring popular MLBB characters Layla and Fanny
Sumo's Sold
Tencent closes acquisition of Sumo Group
Will operate under Tencent subsidiary, Tencent Bidco
Most Read
Hot Five: Former Zynga execs launch Dice: Heroes of Whitestone, Tencent raises $3 billion, and Roblox’s Chinese app removed from mainland stores
The hottest news articles on PG.biz
Roblox Retracted
Roblox removes Chinese app LuoBuLesi to rebuild
Removed from mainland app stores in December
Divestment
Tencent raises $3 billion from sale of Sea Group shares
Remains majority shareholder
No New Games
Freeze on games sees around 14,000 studios close in China in 2021
New games freeze expected to extend further into 2022