China's National Press and Publication Administration announced on November 17 an approval list for new online games this month, showing a total of 70 authorized titles. Tencent, which has not obtained approvals since September, attracted wide attention.
Activision Blizzard, led by CEO Bobby Kotick, reportedly put forward stricter conditions in contract renewal negotiations with the Chinese firm NetEase, including requiring it to pay the cooperation income of the next two years to Blizzard in advance once it completes the contract renewal.
One of China's official media outlets published an article entitled "the opportunity in the gaming industry cannot be missed". The news sent stock prices of Chinese game makers in Hong Kong shooting upwards.
Activision Blizzard, a leading US video game developer, released its financial report for the third quarter of fiscal year 2022 on November 8, acknowledging potential problems with its title publication business in China.
The R&D strength of Chinese game developers is increasingly gaining recognition among global industry giants. And Microsoft is increasing investment to search for more Chinese game developers.
Faced with the huge uncertainty of the Chinese game industry, the Internet giant Tencent has recently canceled some of its non-core marginal businesses and laid off employees in China while accelerating its investment in the global game industry.
A defamation case brought about by Shanghai-based game developer Moonton Technology against Tencent has recently reached a conclusion. Tencent was ordered to compensate Moonton for losses and expenses totaling 220,000 yuan ($30,800).
Liu Cixin, the author of wildly popular science fiction novel "The Three-Body Problem," said that ByteDance’s PICO has been authorized to jointly produce the first interactive narrative work of the book's VR version, to be launched next year.
Shanghai-based game developer miHoYo has announced on September 16 that it will soon kick off its "Genshin Impact" animation project in partnership with ufotable, a well-known Japanese animation production company.
Jim Yang, the former General Manager and Head of Global Studio at Finnish game firm Supercell, joined Genshin Impact's developer miHoYo earlier this month.
On August 15, Shanghai-based VR content production company Forking VR announced its completion of a pre-A round of financing totaling tens of millions of yuan, with investment from Sequoia China Seed Fund.
China Mobile Games and Entertainment Group Limited (CMGE) announced on August 5 that it has obtained a full range of IP authorization under DreamWorks Animation LLC.
Shanghai-based video game developer miHoYo announced on July 22 that it will start small-scale closed beta testing with deleted files for a new game called "Zenless Zone Zero" at 10:00 on August 5.
The headquarters of HoYoverse, a global interactive entertainment brand owned by game developer miHoYo, was recently opened in Singapore.
VR games publisher Netvios has announced its completion of A-round financing worth over 100 million yuan ($14.8 million).
Popular Chinese online game Honor of Kings, developed by Shenzhen-based Tencent, is the highest-paid mobile MOBA game in the world.The firm released alpha tests in Mexico for an international version on July 14.
Beijing-based video game developer and publisher, Perfect World, released its semi-annual performance forecast for 2022. From January to June this year.
Beijing-based mobile game developer Shizhisha became a wholly-owned subsidiary of Bilibili.
Chinese game publisher miHoYo recently sued Minmetals International Trust Co., Ltd. ("Mintrust") following a business trust dispute.
Amid mounting pressure to the wider economy, blockchain pioneers are confident in Web3-based gaming's ability to withstand another crypto winter.