TiMi Studio, a video game development studio group under Tencent, was reported to suspend the development of a game project (internal code name: NXS) that was intended to compete with miHoYo's Genshin Impact.
A subsidiary of Chinese internet company NetEase recently filed a lawsuit against Blizzard Entertainment for violating a series of licensing agreements in Shanghai, demanding the latter to return 300 million yuan ($43.5 million) in arrears.
On March 2, Huang Yimeng, founder of XD Inc., revealed on social media that there were game companies that had cut their outsourcing concept artists team. He wrote, "AI has actually begun to affect many people's jobs."
The rapid development of AI technology in China has led to an increased demand for AI talent, resulting in high salaries being offered by companies such as Tencent, NetEase, miHoYo, and others.
China released the approval information of imported online games in 2023 on March 20, and a total of 27 games were approved. NetEase's "Audition: Everybody Party" and Bilibili's "Pretty Derby," and Tencent's "Merge Mansion" are all on this list.
ByteDance's games business has recently adjusted its organizational structure, as its original Chinese and global distribution studios have now merged into a new entity called ONE Publishing Studio.
Former Chinese president Jiang Zemin passed away following a battle with leukemia on November 30, at the age of 96. Authorities later announced that they will hold a memorial service in Beijing on the morning of December 6, and that public entertainment activities should be suspended for the day.
China's National Press and Publication Administration announced on November 17 an approval list for new online games this month, showing a total of 70 authorized titles. Tencent, which has not obtained approvals since September, attracted wide attention.
Activision Blizzard, led by CEO Bobby Kotick, reportedly put forward stricter conditions in contract renewal negotiations with the Chinese firm NetEase, including requiring it to pay the cooperation income of the next two years to Blizzard in advance once it completes the contract renewal.
One of China's official media outlets published an article entitled "the opportunity in the gaming industry cannot be missed". The news sent stock prices of Chinese game makers in Hong Kong shooting upwards.
Activision Blizzard, a leading US video game developer, released its financial report for the third quarter of fiscal year 2022 on November 8, acknowledging potential problems with its title publication business in China.
The R&D strength of Chinese game developers is increasingly gaining recognition among global industry giants. And Microsoft is increasing investment to search for more Chinese game developers.
Faced with the huge uncertainty of the Chinese game industry, the Internet giant Tencent has recently canceled some of its non-core marginal businesses and laid off employees in China while accelerating its investment in the global game industry.
A defamation case brought about by Shanghai-based game developer Moonton Technology against Tencent has recently reached a conclusion. Tencent was ordered to compensate Moonton for losses and expenses totaling 220,000 yuan ($30,800).
Liu Cixin, the author of wildly popular science fiction novel "The Three-Body Problem," said that ByteDance’s PICO has been authorized to jointly produce the first interactive narrative work of the book's VR version, to be launched next year.
Shanghai-based game developer miHoYo has announced on September 16 that it will soon kick off its "Genshin Impact" animation project in partnership with ufotable, a well-known Japanese animation production company.
Jim Yang, the former General Manager and Head of Global Studio at Finnish game firm Supercell, joined Genshin Impact's developer miHoYo earlier this month.
