Tencent said it wants to focus on its core strategy and is therefore “making adjustments to the Huanhe business.“ She added that users can still store tokens on the platform and request a refund.

Hadean specializes in creating virtual worlds. The startup has collaborated with Microsoft, Epic Games, Minecraft and the UK Ministry of Defense.

According to analyst Daniel Ahmad, the hotel will open in August. It will be based in the Chinese city of Hangzhou.

Chinese giant Tencent wants to become the largest shareholder of Ubisoft. According to Reuters, citing its own sources, the company plans to buy part of the stake from the Guillemot family, which now owns 15% of the shares.

In a recent press release, the company said that they plan to release their own console by the end of the year. Now Tencent is developing software for it, and Logitech is engaged in the hardware itself.

In August 2020, Ubisoft fired Ashraf Ismail, the creative director of Assassin’s Creed, amid a scandal: allegedly, the developer used his official position and, being married, had numerous affairs. But, as Axio s found out, Ismail soon got a job in the Montreal office of TiMi Studios, the “daughter” of Tencent.

In 2017, Roblox began preparing for the launch of the platform in China. However, the matter was complicated by the fact that she did not trust potential partners. According to the company, any of them, including Tencent, could want to create their own version of her brainchild.

Tencent has abandoned NFT functions on the Tencent News platform, Blue Whale Finance reports. This became known after the holding, together with 30 other Chinese companies, promised to stop secondary trading in non-interchangeable tokens.

The industrial giant Tencent has stopped aggressively buying up companies and shares in them against the background of the toughened position of the Chinese authorities, writes the SCMP business portal. In January-June, the holding made only 32 transactions — in the first half of 2021 there were 129 of them.

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”.

Last year, Chinese authorities banned young gamers from spending more than three hours a week playing online games. But recently, rumors have appeared in local social networks that during the summer holidays, at least Tencent will remove the restriction in its projects and allow you to play for an hour every day. However, the giant hastened to refute this information.

According to GameLook, the South Korean “daughters” of Tencent and miHoYo have decided to officially join the local gaming association. If their applications are approved, the companies will become one of the few foreign members.

Tencent has restructured its “daughter” TiMi Studio Group. The company has divided one of the Call of Duty: Mobile developer divisions into several new studios with their own tasks.

About 29% of Tencent‘s shares belong to the South African media group Naspers. And she’s going to get rid of them. This affects the price of Tencent.

The Chinese giant Tencent has taken another step towards creating its own metaverse. The company announced to employees the official launch of a division that specializes in XR. This is reported by Reuters, with reference to three people familiar with the issue.

In early April, Tencent announced that it was going to close Penguin Esports, the Chinese equivalent of Twitch, in the near future. On June 7, she really did it. At 23:59, the holding shut down the platform’s servers, and soon removed its application from the stores.

It will be published by Level Infinite, the “daughter” of Tencent, which specializes in publishing the company’s games abroad. According to the publisher, the first closed beta test of the western Honor of Kings will be held next month, and the official release will take place towards the end of the year.

Survival about vampires V Rising for the first week of sales (as part of early access) on Steam sold 1 million copies. For reference, the price tag of the game is $19.99.

The increased control by the authorities and the consequences of the pandemic have seriously affected Chinese tech giants, including Tencent. According to a number of media reports, large-scale cuts have begun in the company.