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The Latest Breaking News from Tencent

Tencent Music Entertainment Reports Strong Profit Growth Despite Revenue Decline

Tencent Music Entertainment's 2023 financial report highlights increased profits, subscription growth, and AI innovation in the digital music industry.

Tencent Acquires Bytedance Video Game Teams

Tencent Acquires Bytedance Video Game Teams

Tencent's acquisition of ByteDance's gaming teams strengthens its industry presence and capabilities, driving innovation in the Chinese gaming sector.

Nier: Automata sells 8 million as Tencent cancels mobile game and Yoko Taro says you've already had the third one anyway

Nier: Automata sells 8 million as Tencent cancels mobile game and Yoko Taro says you've already had the third one anyway

So Nier and yet so far.

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'We don't have shareholders, but we also don't think about them,' Larian Studios uses its stage time at the DICE Awards to speak out against a brutal industry climate

"Building games that are actually fun is going to make you the most money, that's it."

Elden Ring mobile game is reportedly on the way

The new version is expected be free to use, with in-app purchases extending its playability

Evening Standard

Elden Ring on mobile is a gamer's worst nightmare

A free-to-play mobile version of Elden Ring is reportedly in the works at Tencent Games.

A free-to-play mobile version of Elden Ring is reportedly in the works from Tencent

Tencent is reportedly working on a mobile version of FromSoftware's popular action role-playing game Elden Ring.

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Elden Ring is reportedly getting a free-to-play mobile port with Genshin Impact-style microtransactions

Elden Ring is reportedly getting a free-to-play mobile port with Genshin Impact-style microtransactions

The port has apparently faced difficulties

Wizards of the Coast dispels rumours that Tencent wants to gobble up D&D like a tarrasque: 'To be clear: We are not looking to sell our D&D IP'

Wizards of the Coast dispels rumours that Tencent wants to gobble up D&D like a tarrasque: 'To be clear: We are not looking to sell our D&D IP'

5th-level Banish Rumour (Abjuration). Casting time: 1 Action. Components: Verbal, Material (A single public statement).

D&D developer says it's "not looking to sell" amid reported discussions with Baldur's Gate 3 studio shareholders

D&D developer says it's "not looking to sell" amid reported discussions with Baldur's Gate 3 studio shareholders

Hasbro has reportedly been in touch with Larian and Tencent

Meta's ambitions for the Quest 3 Lite may have hit a major roadblock

Meta's ambitions for the Quest 3 Lite may have hit a major roadblock

The Meta Quest 3 Lite is reportedly still being developed, but one major country likely isn't getting a release.

Android Central

Chinese regulators may be having second thoughts about online gaming crackdown: Proposed rule changes have been removed from government website

Chinese regulators may be having second thoughts about online gaming crackdown: Proposed rule changes have been removed from government website

The changes, announced in December, would have banned login bonuses and "luck-based draw features" for minors.

China seemingly drops proposed gaming restrictions that could have had worldwide implications for loot boxes, microtransactions and daily log-in bonuses

China seemingly drops proposed gaming restrictions that could have had worldwide implications for loot boxes, microtransactions and daily log-in bonuses

The rules were to discourage obsessive gaming behavior

Tencent-ByteDance Ceasefire Holds With Honor of Kings Deal

Tencent-ByteDance Ceasefire Holds With Honor of Kings Deal

The agreement will allow the popular battle arena game to be streamed on Douyin in the wake of a longrunning tussle over copyrights

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ByteDance in Talks to Sell Gaming Assets: TikTok Owner Seeks Change!

Get ready for a gaming shakeup! ByteDance, the genius minds behind TikTok, are in talks with gaming giant Tencent and other companies to sell their gaming ...

The CCP softens its stance on live service games after plummeting stocks, reportedly removes official responsible for the panic

Draft rules drama.

Beijing reportedly removes a key official responsible for video games after the surprise release of draft rules wipes billions in value from the sector

China may be doing damage control after it released new rules imposing limits on the country's massive video gaming sector, leading to a plunge in shares.

International Business Times UK

Baidu's ChatGPT Rival Ernie Bot Surpasses 100 Million Users

US-based AI startup OpenAI's ChatGPT reached 100 million weekly active users in November last year.

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The Guardian - UK

Chinese gaming sector in turmoil as regulators announce new proposals

Measures include spending limits for online games and ban on rewarding players for logging in each day

China softens latest video-game crackdown to mollify video game industry

The industry regulator had proposed barring player rewards for livestreaming and for daily log-ins, but now says it will “carefully study” public views in response to the drafts.

The Independent UK

Stock market today: Global shares climb, tracking advance on Wall Street

World shares have advanced, tracking gains on Wall Street after markets there reopened following Monday's holiday

China's Press Authority Approves 105 Online Games, Supports Industry

China's press and publications authority approves 105 new online games, signaling support for the industry after recent investor losses. Creative future ahead!

The Independent UK

China OKs 105 online games in Christmas gesture of support after draft curbs trigger massive losses

China's authority in charge of press and publications has approved 105 online games, saying it fully supports the industry after newly proposed curbs caused massive losses for major game companies

International Business Times

'Beyond Our Borders': Vietnam Tech Firm VNG Takes On World Best

VNG co-founder Le Hong Minh's first taste of international competition was as a gamer for Vietnam at an early e-sport tournament in South Korea.

Shares in Tencent and NetEase plunge after Beijing surprises investors with new spending limits for video game players

“This could be the beginning of the end of the smartphone game business model," warned one analyst.

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