All publications by tag «China»

Industry

Roblox has removed the Chinese version of the app. It was important for the company to enter the local market

Roblox had high hopes for the Chinese version of its app. However, recently it became known about its removal from local stores. At the same time, such a decision is unlikely to be connected with the current “freeze” on the issuance of gaming licenses. The company itself only notes that it is currently working on a new version of its platform for China.The Chinese version of Roblox called LuoBuLesi disappeared from mobile stores on December…
Industry

Chinese authorities have again allowed Tencent to release updates for nine applications from its catalog

Tencent will once again be able to update a number of its applications in China. The company managed to reach an agreement with the authorities three weeks after the ban was issued. However, it is unclear whether the restriction on the release of new mobile products will remain valid.The decision was made by the Ministry of Industry and Information Technology (MIIT), the South China Morning Post reports.
Investments and transactions

Media: ByteDance postponed the IPO until the end of 2022. The position of the Chinese authorities is to blame for everything

The Chinese giant ByteDance will not appear on the stock exchange until at least the end of 2022. According to the SCMP portal, TikTok‘s parent company has decided to wait until the new rules for regulating cyberspace are approved in China. Against the background of rumors, the largest shareholders of ByteDance began to get rid of their shares.
Industry

The agreement of Chinese companies to combat gaming addiction may hit Steam and other stores

Last week, Tencent, NetEase and more than 200 Chinese gaming companies signed an agreement to combat gaming addiction. A number of experts believe that this could also hit foreign platforms. Among them are Steam, Epic Games Store and other stores that developers actively use to bypass the process of obtaining state licenses to sell their titles in China.The main attention in the signed agreement was paid to online games.
Industry

More than 200 Chinese gaming companies have signed an agreement to combat addiction to video games

Against the background of stricter laws regarding video games, more than 200 companies in China have pledged to independently regulate this area and cooperate with the authorities. They will take a number of measures to combat gambling addiction among teenagers — including using a facial recognition system.According to Reuters, the statement of the Chinese gaming association CGIGC was signed by a total of 213 companies.