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…
CHINA BULLETIN: Weak Inflation, Producer Price Data Hint at Flagging Rebound
In this week’s issue a China downgrade, zooming car exports, and more hotels roll out the welcome mat for foreigners. On a scale of 1 to 100, we give the…
‘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: Cloud Music posts first annual profit
The latest: Chinese music platform Cloud Music Inc. (9899.HK) on Thursday reported a net profit of 734 million yuan ($102 million) for 2023, reversing a loss of 221 million yuan in 2022…
NetEase layoff rumors: staff churn or a bigger restructuring?
Speculation is swirling that NetEase has started to cut its workforce, with headcounts reportedly slashed by up to half in some divisions, but the gaming giant has dismissed reports of sweeping…
Out with the old… Tencent sells app store to Huya
Weeks after offloading its animation business, Tencent has sold its overseas app store to the livestream gaming platform Huya Key Takeaways: Huya is looking to use the APKpure acquisition to…
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…
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