Tencent Wins Bigger Share of Game Revenue from Android App Stores

 /  Game  / 
Gaming giant Tencent has successfully negotiated a more favorable revenue split with a number of Chinese Android stores for its mobile titles, media outlet GameLook reported. Read More

Douyu doubles revenue and swings into profit in Q1

 /  Money  / 
Game live-streaming platform Douyu recorded surging revenue, net profit, and strong growth in paying users in the first quarter of 2019, according to updates the company made to its US Securities and Exchange Commission (SEC) filing. Read More

YY Raises $1 Billion in Convertible Note Offering as It Eyes Global Expansion

 /  Money  / 
Chinese live-streaming social media company YY on Monday announced that it has raised a total of $1 billion in a convertible senior notes offering, according to an announcement, as it seeks to fund expansion into overseas markets. Read More

US to overtake China as the world’s largest gaming market: report

 /  Game  / 
China will reclaim its position as the largest gaming market by revenue in 2020. Read More

Shanghai Wants to be the World’s ‘e-sports Capital’

 /  Game  / 
The city will encourage businesses to invest in three to four e-sports stadiums capable of hosting tournaments of the highest level. Read More

User spending in Douyin and TikTok hit new high in May

 /  News  / 
The 120 million Indian TikTok users, however, only spent $45,000 on the app in May. Read More

Bytedance Says Court Overstepped on ‘Honour of Kings’ Content Ban

 /  Legal  / 
This is the ninth ban in seven months that Tencent has requested against Bytedance that seeks to remove content related to Tencent’s games from Bytedance apps, with six of the nine lawsuits filed in May alone. Read More

Short Video Apps Key for Engaging China’s Lower-tier City Youth

 /  News  / 
More than a quarter of short video app users in China are under 24 years old, and lower-tier cities are becoming increasingly important sources for growth Read More

YY Spends Big to Grow Overseas User Base in Q1

 /  News  / 
Livestreaming social media company YY recorded substantial increases in net revenues and active users but almost doubled operating expenses in the first quarter. Read More

NetEase Overseas Gaming, E-commerce Businesses Offset Regulatory Squeeze

 /  News  / 
While Tencent’s game revenues took a heavy hit in the first quarter due to more stringent licensing rules, NetEase hedged regulatory risks by emphasizing overseas markets, specifically Japan and South Korea. Read More

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