Another trial between gaming companies is planned. Riot Games has filed a lawsuit against the Chinese giant NetEase in four countries at once: the UK, Germany, Brazil and Singapore.

China’s NetEase reported for the third quarter ended September 30, 2022. We look at the company’s indicators.

The head of the NetEase partnership department, Simon Zhu, wrote on LinkedIn that he spent ten thousand hours in Warcraft, Starcraft and Overwatch and is now “heartbroken” because of the closure of games in China. He also spoke sharply about the people who made the decision:

Blizzard Entertainment‘s agreement with NetEase to publish almost all of the company’s games in China expires next year. Blizzard has already started looking for a new partner, but warned that from January 23, the games will temporarily stop working in the country.

The Chinese giant bought a 9.74% stake in Xunqi Technology from Wuhan. How much NetEase paid for them is not reported.

Almost nothing is known about the game, except that it is called the All-star Street Ball Party. Against the background of the incident, NetEase shares have risen by 5.7% and are now trading at a price of $92.48 apiece.

The check will also affect Alibaba, JD.com and Yum China Holdings, Bloomberg reports.

NetEase continues its global expansion. She negotiated the purchase of the French studio Quantic Dream. This is the first company from Europe to become part of a Chinese technology giant.

Games continue to generate most of the earnings of the Chinese NetEase. In a recent financial report, the company said that in the second quarter they accounted for 78.3% of revenue at once.

Formally, Hiroyuki Kobayashi left the Japanese company on March 31, but until today he has not publicly announced this.

According to Bloomberg, the game was created in partnership with NetEase. The reason for the closure of the project was the financial disagreements of corporations.

Chinese authorities have allowed NetEase to publish Diablo Immortal, according to Bloomberg sources. While it is assumed that the release will take place on July 25, but “at the last minute” the date may change.

Contrary to the pessimistic forecasts of a number of analysts, the Chinese authorities continue to issue licenses for the release of games in the country. The National Press and Publications Administration (NPPA) has published a fresh list of approved projects — the third after the “freeze”.

Due to government restrictions, Chinese companies are looking for new opportunities in Western markets. Today NetEase announced its first investment in developers from Poland.

Blizzard shared details about the release of Diablo Immortal in the Asia-Pacific region. China, with the exception of certain regions, was not on the list of countries.

NetEase now helps with the entry into the mobile market not only Blizzard, but also Bungie. It is said that the studios have been working together for more than two years on a mobile shooter game in the Destiny universe.

Chinese gaming giant NetEase has published a corporate report highlighting the state of affairs in the company. Among other things, a special place in it was given to the R&D conducted in the company.

On Sunday, the Chinese giant NetEase announced that it will not release Diablo Immortal in China yet. This happened just four days before the release of the game. As a result, the company’s shares crept down on Monday morning.

The Chinese giant NetEase summed up the financial results of the first quarter of 2022. During the reporting period, its gaming revenue increased by 15.3%, not least due to the successes of Harry Potter: Magic Awakened, Ghost World Chronicle and Naraka: Bladepoin (however, the company did not share figures for these titles).