All publications by tag «Tencent»

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.
Industry

Google discussed with Tencent the purchase of Epic Games and paid “hundreds of millions of dollars” so that developers would not leave the Play Store

Details from the trial of Epic Games and Apple continue to emerge. This time they are about Google. It turned out that the company was thinking about buying Fortnite authors with the help of Tencent. She also paid smartphone manufacturers to abandon third-party marketplaces and gave at least “hundreds of millions of dollars” to popular developers so that they would not leave the Play Store.