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Industry

Since February, Tencent’s capitalization has fallen by $400 billion. How does the company build relations with the Chinese authorities?

Tencent always strives to strictly comply with the requirements of the Chinese authorities regarding video games. However, due to the tightened regulation of the technology industry and the actions of a number of state media, the market value of the company has fallen by $400 billion since the beginning of the year. And the development of Tencent’s relations with the authorities may affect the entire gaming industry in China.Tencent Headquarters in Shenzhen
Industry

Tencent will throw its forces into the development of its own Twitch analogue after the ban on the merger of Huya and DouYu

In July, the Chinese antimonopoly service blocked the merger of Huya and DouYu in order to prevent them from capturing the entire market of gaming streaming services in China. Against the background of the failure, Tencent began to reallocate resources for the development and expansion of its own platform like Twitch.The new plans of the Chinese giant were reported by Bloomberg.
Investments and transactions

Green Grey and 1518 Studios will invest up to $750,000 in gaming startups as part of the MIPT accelerator

Accelerator of MIPT “Phystech.Start” opened the GameTech direction with the support of Green Grey and 1518 Studios. Its participants — gaming startups — will receive up to $750 thousand of investments in total. The organizers are waiting for applications from projects at the MVP stage and above.It is expected that up to 25 startups will participate in GameTech in three areas: games, mental health products and educational services with gamification.
Games

King’s Bounty II got into the top Steam bestsellers, but fans of the first part perceived the game negatively

Yesterday was the official release of King’s Bounty II — the continuation of the RPG series with tactical battles. The 1C Entertainment project got into the top Steam bestsellers, but the first reviews from fans of previous games were negative. In addition to the gameplay and visual style, the title is criticized, among other things, for non-obvious pricing.Briefly about the game