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Industry July 1, 2021

Blizzard veterans together with Tencent launched Uncapped Games Studio

China’s Tencent has grown by another studio. Its subsidiary Lightspeed and Quantum Studios Group, which is developing the Chinese version of PUBG Mobile, has announced the launch of an American division — Uncapped Games Studios. It was headed by people from Blizzard.

Industry June 24, 2021

TiMi Studios opens an office in Seattle. The studio will be headed by former Battlefield and Halo executives

TiMi Studios, known for the mobile hits Call of Duty: Mobile and Honor of Kings, intends to make multiplatform AAA games. To do this, Tencent’s subsidiary studio announced the opening of a new office in Seattle. It was headed by veterans of the gaming industry who worked on the Battlefield and Halo series.The new office will open before the end of 2021.

Investments and transactions June 23, 2021

Tencent has bought a majority stake in Yager Studio, known for Spec Ops: The Line

Tencent remains the most active company in the gaming investment market. This time, the Chinese giant has acquired a majority stake in the Berlin studio Yager. The developers are known for Spec Ops shooters: The Line and The Cycle.Spec Ops: The Line

Investments and transactions June 11, 2021

Tencent has invested in the Chinese indie studio GSQ Games – the authors of Amazing Cultivation Simulator

The Chinese giant Tencent decided to support the local indie studio GSQ Games and bought 10% of its shares. The amount and terms of the transaction were not disclosed.

Law June 10, 2021

Joe Biden has canceled Donald Trump’s decrees banning TikTok and WeChat in the United States

Yesterday, US President Joe Biden revoked the orders of his predecessor Donald Trump, who demanded to ban TikTok, WeChat and a number of other Chinese applications in the country. Instead, he ordered to carefully study all applications from “foreign opponents” and assess their danger.

Industry June 10, 2021

PUBG Mobile developers banned employees from working after 9 pm and switched to a five-day period

Many Chinese gaming companies have rather harsh working conditions — specialists work six days a week from 9 am to 9 pm. However, Lightspeed & Quantum studio, owned by Tencent and developed PUBG Mobile, decided to fight crunches. To do this, she made a number of small concessions for her employees.This was reported by analyst Daniel Ahmad.

Industry June 4, 2021

Tencent has opened its fifth office in the USA. It will employ up to 300 people

The Chinese giant Tencent continues its expansion into the American market. The company announced the opening of a new office in Los Angeles, which will employ hundreds of people. This is the fifth Tencent office in the United States.The new office is located in the area of Playa Vista, which is part of the territory of the so-called “Silicon Beach” (Silicon Beach).

Law June 2, 2021

In China, a lawsuit was filed against Tencent over “unacceptable content” in Honor of Kings

The Chinese giant Tencent has problems at home. She was sued by the Beijing Center for the Protection of Children’s Rights (BCLARC), which was not satisfied with the game Honor of Kings. According to human rights activists, the title encourages gambling addiction and shows “unacceptable content”: openly dressed characters, violence and a distorted history of China.

Games June 1, 2021

Tencent closes Chinese Call of Duty Online — including due to low revenue

Call of Duty Online is a free—to-play version of the shooter, available exclusively in China. Tencent has decided to stop supporting the game after six years on the market. It is reported that after the servers are closed, players will be offered to transfer accounts to Call of Duty: Mobile.This became known on May 31 on the official Call of Duty Online website.

Analytics May 19, 2021

Niko Partners: in 2021, Tencent signs deals with gaming companies on average once every 2.5 days

The analytical company Niko Partners calculated that by mid—May 2021, Tencent had managed to conclude over 50 deals with gaming companies. This is already 1.6 times more than in the whole of 2020, and five times more than in 2019. In their new study, analysts told what forces the Chinese colossus to invest so actively in the industry.

Investments and transactions May 18, 2021

Tencent acquired a 3.8% stake in Remedy. We can talk about the amount of € 21.5 million

Accendo Capital, one of Remedy‘s investors, has sold 500,000 shares of the Finnish hits forge to Tencent. This is 3.8% of Remedy’s outstanding shares and votes.

Industry May 13, 2021

TiMi Studios, which is part of Tencent, has entered into a strategic partnership with Xbox Game Studios

Xbox Game Studios will now work closely with the Chinese TiMi Studios, the “daughter” of Tencent and the developers of Honor of Kings and Call of Duty: Mobile. We are talking about creating game content, but both companies have not yet disclosed the details of the partnership.This became known today from the official press release.

Law May 5, 2021

Tencent stated that it owns all in-game items purchased by gamers

China’s Tencent is suing DD373.com — a platform for trading in-game items. The corporation claims that all virtual content in games (resources, weapons, skins, etc.) belong exclusively to it. Even if gamers spend real money on it. The giant’s statement immediately caused a lot of indignation among the players.

Investments and transactions April 22, 2021

ByteDance invested $15.4 million in Reworld — the Chinese version of Roblox

The competition between Tencent and ByteDance is gaining momentum. This time, TikTok‘s parent company has invested ¥100 million ($15.4 million) in Reworld, the local equivalent of Roblox. The deal occurred after Roblox China, supported by Tencent, received a license to work in China.

Investments and transactions April 16, 2021

Tencent bought 20% of the Chinese studio Surgical Scalpels. The company is strengthening its position in the PC and console market

Tencent continues to invest in other companies and increase its activity in the M&A market. This time, the Chinese giant acquired 20.6% of the local indie studio Surgical Scalpels. She is currently developing Boundary, a multiplayer space shooter for PS4 and PC.

Money April 2, 2021

TiMi Studios earned $10 billion in 2020 and became the number 1 studio by revenue

Chinese TiMi Studios is part of Tencent and is known for such hits as Honor of Kings and Call of Duty Mobile. Last year, its revenue reached a fabulous $10 billion. Now the company intends to make not only mobile games, but also projects for other platforms.This is reported by Reuters with reference to two sources familiar with the situation.

Business March 29, 2021

Tencent acquired a stake in Chinese Game Science amid the unfavorable situation in the United States

The world leader buys a local indie studio a week after a new law is passed in the United States, which strikes at all public Chinese companies.

Industry March 26, 2021

Tencent has removed the skins of the British brand Burberry from Honor of Kings. The reason is the rejection of cotton from Xinjiang

In China, partnerships with Western brands that do not want to buy cotton from Xinjiang have begun to be massively terminated. Among others, gaming companies joined the boycott. For example, Tencent. Yesterday, the industrial giant removed skins made by the British luxury brand Burberry from its Honor of Kings game.

Money March 26, 2021

PUBG Mobile’s revenue exceeded $5 billion — more than half of the game earned in China

PUBG Mobile continues to set new records. For the entire period of operation, the revenue of the Tencent project amounted to $ 5.1 billion. At the same time, most of this amount fell on the Chinese version of the game.According to analysts from Sensor Tower, PUBG Mobile’s revenue amounted to $2.7 billion last year alone.

Industry March 25, 2021

The merger of Chinese streaming giants Huya and DouYu may not take place. The authorities became interested in the deal

Last October, China’s two largest gaming streaming services Huya and DouYu announced a merger. However, then the deal turned out to be questionable — it attracted the attention of the local antimonopoly service. The companies themselves are positive, but Tencent, which controls them, is rumored to be concerned about the situation and has already discussed it with the authorities.

All publications by tag «Tencent»

Blizzard veterans together with Tencent launched Uncapped Games Studio

TiMi Studios opens an office in Seattle. The studio will be headed by former Battlefield and Halo executives

Tencent has bought a majority stake in Yager Studio, known for Spec Ops: The Line

Tencent has invested in the Chinese indie studio GSQ Games – the authors of Amazing Cultivation Simulator

Joe Biden has canceled Donald Trump’s decrees banning TikTok and WeChat in the United States

PUBG Mobile developers banned employees from working after 9 pm and switched to a five-day period

Tencent has opened its fifth office in the USA. It will employ up to 300 people

In China, a lawsuit was filed against Tencent over “unacceptable content” in Honor of Kings

Tencent closes Chinese Call of Duty Online — including due to low revenue

Niko Partners: in 2021, Tencent signs deals with gaming companies on average once every 2.5 days

Tencent acquired a 3.8% stake in Remedy. We can talk about the amount of € 21.5 million

TiMi Studios, which is part of Tencent, has entered into a strategic partnership with Xbox Game Studios

Tencent stated that it owns all in-game items purchased by gamers

ByteDance invested $15.4 million in Reworld — the Chinese version of Roblox

Tencent bought 20% of the Chinese studio Surgical Scalpels. The company is strengthening its position in the PC and console market

TiMi Studios earned $10 billion in 2020 and became the number 1 studio by revenue

Tencent acquired a stake in Chinese Game Science amid the unfavorable situation in the United States

Tencent has removed the skins of the British brand Burberry from Honor of Kings. The reason is the rejection of cotton from Xinjiang

PUBG Mobile’s revenue exceeded $5 billion — more than half of the game earned in China

The merger of Chinese streaming giants Huya and DouYu may not take place. The authorities became interested in the deal