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Tencent reportedly takes over two ByteDance games teams

GamesIndustry.biz

Tencent has reportedly taken over two ByteDance games teams, and has consolidated them into a new company. As reported by Retuers , the studios that have allegedly been required are a Shenzhen-based firm working on an action game, and another in East China working on an anime title. Read more

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Tencent, Apple, Nintendo, Ubisoft made most improvement on carbon reduction last year

GamesIndustry.biz

Tencent, Apple, Nintendo, and Ubisoft reduced their carbon emissions from 2021 to 2022, while companies including Sega, NetEase, and Unity saw increases year-on-year. Read more

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China Massively Disrupts Game Industry Monetization

Game From Scratch

GameFromScratch.com China Massively Disrupts Game Industry Monetization The Chinese government have just announced new regulations that will have a MASSIVE impact on the world of game development. It immediately resulted in huge stock market losses for China’s two largest gaming companies Tencent and NetEase.

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1SP Agency acquires UK communications firm Renaissance PR

GamesIndustry.biz

It's part of 1SP's bid to create a 'superagency' covering tech and games. Renaissance joins a family of companies including MSM.digital, Insight, FLZR, Studio CO2 ad CAD-Laif, which together cover retail sales, creator marketing, AR, and other forms of creative services. Read more

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Tencent slashed investments in 2023

GamesIndustry.biz

Sign up for the GI Daily here to get the biggest news straight to your inbox China-based internet and gaming firm Tencent dramatically cut the number of investments it made last year. Seven investments were for AI start-ups.

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Tencent to become majority shareholder of Techland

GamesIndustry.biz

Tencent is poised to become a majority shareholder of games firm Techland. In the announcement , the company said it will retain ownership of its IPs and maintain creative freedom. Additionally, Techland CEO Pawel Marchewka said he will remain in his position. Read more

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Xbox, Curve, Tencent and more join GamesIndustry.biz Investment Summit at PAX

GamesIndustry.biz

Xbox, Fellow Traveller, Curve, Tencent, 101XP, Rogue Games Crunching Koalas and Offworld Industries are the latest companies looking to meed indie developers at the event. More major platfrom holders, investors and publishers have signed-up to the GamesIndustry.biz Investment Summit at PAX this month.

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