China is world’s largest e-sports market despite crackdown: Study

Revenue for China’s e-sports market grew 14% year-on-year in 2021 despite a tough regulatory environment for gaming in the world’s second-largest economy, according to a new report from intelligence firm Niko Partners. E-sports refers to professional gaming where gamers often play each other in big tournaments and fans watch via live streams. China remains the … Read more

Chinese gaming stocks jump after Beijing approves new games

Since April 2022, Chinese regulators have begun approving video games again after a months-long freeze in signs Beijing’s crackdown on gaming is easing. Feature China | Future Publishing | Getty Images Shares of Chinese gaming companies rose Wednesday after regulators approved a slew of new games, a sign that some of the headwinds for the … Read more

TikTok owner ByteDance sees $1 billion in player spend on its games

ByteDance has been investing in its mobile gaming business through key acquisitions and is finding success outside of China. Omar Marques | Sopa Images | Lightrocket | Getty Images Chinese internet giant ByteDance’s nascent foray into gaming is showing signs of promise with spending across its mobile titles growing over the past year as it … Read more

Immortal in China; shares fall

The NetEase Games booth at the China Joy conference in Shanghai on July 30, 2021. Arjun Kharpal | CNBC On China’s Twitter-like service Weibo, the official account of Diablo Immortal is banned from posting for “violating relevant laws and regulation.” It’s unclear which rules the account has broken. NetEase declined to comment further on the … Read more

Fanatics aims to be $100 billion company

Michael Rubin arrives at the 2019 Fanatics Super Bowl Party on Saturday, Feb. 2, 2019, in Atlanta. Paul R. Giunta | Invision | AP Sports e-commerce company Fanatics is growing quickly, but it’s still nowhere near where it aims to be. Recently, the company said, it has reached a $ 27 billion valuation and it … Read more

Chinese regulator approves new games after freeze; gaming stocks rise

China’s gaming industry became caught up in broader regulatory tightening across the technology sector. Regulators became increasingly concerned about gaming addiction amongst children. The approval of the first batch of games since July 2021 could indicate China’s gaming sector headwinds will start to subside. Greg Baker | AFP | Getty Images Chinese regulators have approved … Read more

Tencent shuts down rival to Amazon Twitch after China blocks key merger

Tencent attempted to create a gaming live streaming giant through the merger of Huya and DouYu, two companies it has a significant stake in. But regulators in China shut the deal down in 2021. Months later, Tencent is shutting down its own game live streaming service Penguin E-Sports. Feature China | Future Publishing | Getty … Read more

Netflix to acquire Next Games, the studio behind Stranger Things game

Netflix is ‚Äč‚Äčexpanding its push into mobile gaming. Sopa Images | Lightrocket | Getty Images Netflix has offered to buy mobile game maker Next Games as the streaming giant pushes further into gaming. Next Games is the Finnish studio behind a mobile game based on Netflix’s hit show “Stranger Things.” Netflix plans to pay 2.10 … Read more