1. World’s game industry shows support for Ukraine Russia’s invasion of Ukraine began on February 22. As of March 25, the two countries are still engaged in a prolonged war. With the worsening conflict, Ukraine has urged many gaming companies to join the digital blockade of Russia. GSC Game World ...
(1) Tencent's 'Honor of Kings', The First Mobile Game to Earn 10 Billion Dollars in Lifetime Revenue Tencent's mobile game 'Honor of Kings' has become the first mobile game to earn 10 billion dollars over its lifetime. 'Honor of Kings' is a MOBA (Multiplayer Online Battle Arena) that was released ...
(1) Netflix Gaming Revving Up: Beta Testing and Acquiring Game Studios Netflix is starting to fully invest into their gaming service, starting testing in Poland in August, and announcing acquiring Night School Studio on September 28th.
In our last post, we discussed how Tencent has come under threat from new competition from both large investment firms such as ByteDance or Alibaba, and new startups..
(1) Nintendo Switch Dominates Japan's Famitsu Weekly Top 30 List Every week, Famitsu releases a list of top 30 games in sales, and for the first week of August, all 30 games were for the Nintendo Switch. Since Famitsu started collecting data for all platforms in November 1988, rather than the ...
If you examine Chinese big tech firm Tencent’s 2020 profits, about ⅓ of it was from the gaming industry. As a large investment firm that invests heavily into the gaming industry, Tencent is the leading investor in the global gaming market. Last year, Tencent invested in 31 companies including ...
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