China

• Niantic Establishes Developer Fund & Location Sponsorship; China & US Agree to Roll Back Tariffs

  2 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Niantic establishes developer fund and location sponsorship; China and US agree to roll back tariffs; and US gaming spending reaches USD$9.18bn (£7.13bn) in Q3 2019. Niantic establishes developer fund and location sponsorship Niantic has announced that it has established the Niantic Creator Program, a USD$10m (£7.8m) sponsorship fund for developers of augmented reality (AR) titles. Successful applicants to the programme will also be eligible for direct support from [...]

• Improbable Partners with Tencent Cloud; Unity Acquires Obvioos

  2 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Improbable partners with Tencent Cloud; Unity acquires Obvioos; Anzu.io enters Xbox Tools and Middleware Program. Improbable partners with Tencent Cloud London-based simulation software distributor Improbable has announced a partnership with Tencent Cloud, with the latter’s computational resources now able to be utilised by Chinese developers using Improbable’s SpatialOS platform. AI, game iteration speed and scaling multiplayer simulations are all purported to benefit from the collaboration. The firms have [...]

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• Tencent Gains China Approval to Publish Mario Title; 78% of Gaming Preteens Watch Gaming Videos

  3 weeks ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Tencent gains China approval to publish Mario title; 78% of gaming preteens watch gaming videos; and Blade raises €30m (€25.9m). Tencent gains China approval to publish Mario title Tencent has gained approval from China’s State Administration of Press, Publication, Radio, Film and Television to publish the updated Switch version of Nintendo’s Super Mario Bros. U Deluxe title, according to reports from Reuters. The move brings a greater likelihood [...]

• Huya Acquires USD$30m (£24.7m) Stake in ESL; Google Open Sources Real-Time Hand Tracking Tech

  3 months ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Huya acquires USD$30m (£24.7m) stake in ESL; Google open sources real-time hand tracking tech; and PEGI clarifies position on NBA 2K20 gambling imagery. Huya acquires USD$30m (£24.7m) stake in ESL China streaming platform Huya has acquired a USD$30m (£24.7m) minority stake in Turtle Entertainment GmbH, otherwise known as ESL, as part of a joint venture with ESL parent company Modern Times Group (MTG) to ‘facilitate expansion into China’. [...]

• Tencent and NetEase earn CN¥79.1bn (£9.04bn) from online games in H1 2019

  3 months ago News

  

  TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Tencent and NetEase earn CN¥79.1bn (£9.04bn) from online games in H1 2019; Supercell launches Rush Wars; and Playtika acquires Seriously. Tencent and NetEase earn CN¥79.1bn (£9.04bn) from online games in H1 2019 Chinese gaming companies Tencent and NetEase, which account for over 70% of the domestic market, have earned a combined revenue of CN¥79.1bn (£9.04bn) from online games in the first half of 2019, according to figures from [...]

• THQ Nordic Sales Increase by 36%; Loot Crate Files for Bankruptcy

  3 months ago News

  

  TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s edition: THQ Nordic sales increase by 36%, announces multiple acquisitions; Loot Crate files for bankruptcy; and US delays tariffs on China-made games consoles. THQ Nordic sales increase by 36%, announces multiple acquisitions THQ Nordic AB has released its interim report for Q1 FY 2019-2020, announcing that net sales have increased during this period by 36% year-on-year to SEK1.142bn (£99m). The growth has largely been attributed to strong sales on its [...]

• 61% of Chinese Gamers Prefer FTP or Ad-Funded titles; Immortals Gaming Club Selling Houston Outlaws

  4 months ago News

  

  TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s edition: 61% of Chinese gamers prefer free-to-play or ad-funded titles; Immortals Gaming Club reportedly selling Houston Outlaws for USD$40m (£32.8m); and Ubisoft acquires Green Panda Games. 61% of Chinese gamers prefer free-to-play or ad-funded titles 61% of 1007 surveyed Chinese gamers prefer free-to-play (FTP) or ad-funded titles over premium games, according to research commissioned by Mintegral. 85% of respondents also reported that they had spent money on these titles, however [...]

• Private Equity Firm Blackstone Buys Vungle; Tencent Launches Streaming App for WeGame

  4 months ago News

  

  TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Private equity firm Blackstone buys Vungle; Tencent launches streaming app for WeGame; and Baidu renews partnership with Snap. Private equity firm Blackstone buys Vungle Private equity firm Blackstone has announced it is purchasing performance marketing platform Vungle, which serves in-app video ads with publishers including Rovio and Zynga. While the exact terms of the deal have yet to be disclosed, sources have informed Techcrunch that the all-cash payment is [...]

• Tencent Leads Efforts to Build China Age Ratings System; HQ Trivia Lays Off 20% of Staff

  5 months ago News

  

  TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Tencent leads efforts to build age ratings system in China; HQ Trivia lays off approximately 20% of staff; and worldwide mobile gaming revenue hits USD$29.6bn (£23.6bn) in the first half of 2019. Tencent leads efforts to build age ratings system in China In collaboration with more than ten other China-based gaming firms, as well as state-backed newspaper the People’s Daily, Tencent is leading efforts to build an age ratings [...]

• Microsoft, Nintendo, and Sony write letter to Trump against game console tariffs; Industry is only "paying lip service" to gaming addiction

  5 months ago News

  

  TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Microsoft, Nintendo, and Sony write letter to Trump against game console tariff; Industry is only “paying lip service” to gaming addiction – UK technology inquiry chair; and Treyarch under fire for crunch culture. Microsoft, Nintendo, and Sony write letter to Trump against game console tariff Plans from US president Donald Trump to impose a 25% tariff on goods, including video game consoles, has drawn criticism from Microsoft, Nintendo and [...]