China Court tells ByteDance to Proceed with Legal Proceedings against Tencent over Monopoly Accusations. ByteDance…
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The US-based gaming firm Roblox filed for an IPO and to attain future growth the children and community-focused gaming platform is preparing to enter China. The details were revealed for the first time in its IPO prospectus.
Tencent and Voodoo. Not a spell, an investment! When we talk about gaming empires and their expansion, Tencent is by far one of the most influential players in the gaming industry. Tencent’s expansion hasn’t stopped and it has acquired a minority share in Voodoo, a French game company. Tencent has now expanded in the domain of casual mobile gaming with the help of this deal. Though the funding amount is yet to be disclosed by the company Tencent has done it all form hefty checks to buy full control of studios like Riot Games to become a minority shareholder in Epic Games.
Tencent Holdings, according to various credible reports, wants to merge the two Chinese live streaming giants, Huya and DouYu. Resultantly, the shares of both these companies popped in response to Tencent’s idea.
Tencent Holdings, entertainment, and the tech giant has more than one-third share in both Huya and DouYu and wants to become the largest stakeholder of the combined live-streaming platform. The market capitalization of both Huya and DouYu is huge, both sitting at $5.9billion and $4.9billion respectively. And according to Reuters, if this merger happens it will also include Tencent’s e-Game streaming platform which is the fourth largest in China.
The bidding war for Leyou Technologies continues with Tencent said to be the latest potential suitor. Bloomberg reports that the Chinese giant is currently in talks to acquire Leyou, citing anonymous sources close to the matter.
It’s a great pleasure for the organisers of NG20, 27-29 May in Malmö, Sweden to announce that John Clark, VP of partnerships, Europe at Tencent, have joined as a speaker. NG20 migrated online due to the COVID-19 pandemic, will take place from May 27 to 29