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.

The Chinese giant Tencent continues to set anti-records. In a recent financial report, the company reported that it earned $20.1 billion in the quarter — the same as a year ago. For reference: since 2004, when Tencent went public, its revenue has been constantly growing.

According to SCMP, concerns arose at the end of April. Then the users of the racing game QQ Speed noticed that some of their data disappeared after the update was released. At the same time, it became known that the support of this and several other titles is now being handled not by Tencent itself, but by its newly created “daughter” Shenzhen Tencent Tianyou Technology Limited.

Yesterday, Tencent announced that it will no longer support unlicensed foreign games. Starting from May 31, the company will change the operation of the services through which players gained access to them.

1C Entertainment, registered in Poland, which owns the rights to the King’s Bounty and Space Rangers series, announced that it has become part of the Chinese corporation Tencent (Updated: “Caliber” is not included in the deal).

Last week, Tencent invested in another gaming company. She acquired a minority stake in the Polish THE PARASIGHT. It is not known how much the purchase cost.

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.

Another game studio from Russia received investment from Tencent. The deal with the Chinese giant was announced by GFA Games, which is working on the PIONER shooter. The amount and terms of the agreement were not disclosed.