Browsing Tag
Tencent
15 posts
Tencent to release a mobile version of Dungeon and Fighter in May
TeTencent Games said on Monday it will launch a mobile version of Dungeon and Fighter on May 21, a game seven years in development, after the Chinese tech giant obtained approval from China’s National Press and Publication Administration in February. Developed by Korean company Nexon in 2005, multiplayer online action role-playing game Dungeon and Fighter
Tencent Music Q1 2023 Revenue Tops $1 Billion As Paid Streaming Users Approach 100 Million, Report Shows
Despite facing heightened domestic competition, Tencent Music posted over $1 billion in revenue for Q1 2023, when the Shenzhen-headquartered company is said to have achieved more than 30% year-over-year (YoY) subscription-income growth across its streaming services. Tencent Music (NYSE: TME) unveiled its first-quarter performance specifics today, disclosing continued declines in social entertainment mobile users (down
Tencent fires more than 100 staff for violating company policies
On Monday, Tencent said it had fired over 100 people for violating company policies in 2022. The figure marks an increase on 2021’s number of nearly 70, and reflects what CEO Pony Ma labeled at an internal staff meeting last month as a “shocking” corruption situation at the company. The violations typically involved illegal misappropriation
Tencent to Invest Nearly $42M in Medical Field
Yuyue Medical, a Chinese medical device manufacturer also known as Yuwell, announced on September 19 that internet giant Tencent plans to invest 291 million yuan ($41.5 million) in its subsidiary, Xunjie Medical. After this deal is completed, Tencent will become the second-largest shareholder of Xunjie, accounting for 19.5% of shares. Under the background of Tencent‘s
Tencent Cloud and Singapore-Based Strange Universe to Develop Web3 Business Metaverse Platform
Tencent Cloud announced on September 13 its signing of a memorandum of understanding with Strange Universe Technology, a Singapore-based Web3 company, involving the creation of an immersive and integrated platform that helps businesses adapt and thrive in a virtual environment. Strange Universe is a high-tech firm focusing on AR/VR/MR applications and market creativity. With the
Tencent interview: How gameplay can get game studios through a recession
September 11, 2022 8:45 AM Level Infinite's Warhammer: Darktide.Image Credit: Level Infinite Consolidation is remaking the game industry as we know it, and it is likely going to happen faster as the threat of a recession looms larger. The first half of 2022 has seen more than 651 deals announced or closed with a disclosed
Studio say they'll focus more on "original IP" Tencent have bought a majority stake in Tequila Works, the developers of Rime, Deadlight, The Sexy Brutale, and forthcoming League Of Legends tie-in Song Of Nunu. No fee was disclosed with the announcement, but Tequila Works co-founder Raúl Rubio said the investment would allow the company to…
Tencent buy 1C Entertainment, makers of King’s Bounty
Along with outsourcing specialists QLOC 1C Entertainment, the publishers of games like Men Of War and King's Bounty, have been bought by Tencent. Among the 1C subsidiaries hoovered up are Muve, Cenega and QLOC, the latter of which provide co-development, testing and localisation services to companies like EA, Warner Bros. and many others. This is…
Tencent acquires Inflexion from Improbable
Late last month, buried toward the bottom of a blog post about its current metaverse push, Improbable CEO Herman Narula announced the SpatialOS company's withdrawal from first-party game development."We are in advanced discussions with potential partners for the games being developed within the Edmonton and Midwinter studios and it is our belief that they will…
Tencent bets $280 million on TV and movie content to fend off short video challenge
Chinese tech giant Tencent has entered into a RMB 1.8 billion ($284 million) deal with Beijing Jetsen Technology, China’s largest film copyright holder, to purchase the streaming right to 6,332 films and TV shows, media outlet SCMP reports. The shows, including Hong Kong director Ann Hui’s biopic “The Golden Era”, will become available on Tencent’s platforms…