CMGE turns its game to e-sports with new tie-up
The mid-sized gaming company announced a strategic alliance with e-sports specialist Guangzhou Chaojing Investment, though no financial terms were given Key Takeaways: CMGE said it has formed a partnership with…
‘Warcraft’ return to NetEase signals extension of China’s gaming relaxation
A new deal to bring popular ‘World of Warcraft’ games back to China after a one-year absence will have relatively little financial impact on the game’s local host Key Takeaways:…
FAST NEWS: CMGE’s loss narrows on cost controls
The latest: Game operator CMGE Technology Group Ltd. (0302.HK) reported Wednesday its net loss narrowed 90.2% last year to 20.08 million yuan ($2.78 million). Looking up: The company’s expenses decreased by 28% to…
Chinese game operators shift focus to overseas expansion, AI
Companies are enhancing their development capabilities and accelerating their moves into foreign markets to offset slowing growth at home By Research-Select In a bid to standardize regulation of the…
ZX gets its IPO at last, but stumbles on disappointing maiden earnings report
Despite an IPO that was heavily oversubscribed, the game operator’s shares lost more than a quarter of their value over their first three trading days Key Takeaways: Shares of ZX…
FAST NEWS: CMGE returns to profits as game approvals resume
The latest: Game operator CMGE Technology Group Ltd. (0302.HK) said Thursday it expects to post a non-GAAP adjusted net profit of 65 million yuan (8.93$ million) or more for the first half of…
Animoca Mines NFTs, Metaverse to Boost Valuation to $5.4 Billion. Next Stop, New York?
Digital property manager raises $360 million in its latest funding round, more than doubling its value from previous round in October Key Takeaways: Animoca Brands has raised $360 million in…
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