Games

Tencent's TiMi Studios reached $10 billion in revenue in 2020, meaning it has become the world's largest game developer, according to a Reuters report on April 2.

Microsoft China hinted on Weibo on March 30 that a Chinese version of the Xbox Series X is coming soon in order to get a piece of the increasingly popular game console market in China.

Chinese e-commerce platforms, including Alibaba's Taobao, are removing overseas versions of game consoles including the PS5, Xbox Series X/S, a move that is expected to significantly squeeze the viability of this gray market.

PUBG's cumulative revenue since its release has reached $5.1 billion, with the game's revenue reaching $2.7 billion in 2020 alone, according to data provider Sensor Tower.

Since its release in September last year, miHoYo's Genshin Impact has earned more than $1 billion in six months on mobile, data released by Sensor Tower on Wednesday showed.

The FIFA Online team announced Tuesday that based on the strategic adjustment of the EA SPORTS FIFA Online series in Asia, it will stop operating FIFA Online 3 in China at midnight on June 7, 2021.

Beijing-based TikTok owner ByteDance has agreed to acquire Chinese gaming studio Shanghai Moonton Technology, the latter said on March 22.

Beijing-based ByteDance, the owner of short video app TikTok, announced on March 19 that it will establish the Nuverse Inspiration Fund (NIF) to invest in gaming startup teams.

MiHoYo's revenue grew 10% in February to become No. 4 globally, behind Tencent, NetEase, and Playrix. Its Genshin Impact and Honkai Impact 3rd saw revenue increases of 6% and 69% respectively compared to January.

NetEase's CEO Ding Lei has slammed the Chinese Android channel for taking 50 percent of game apps' revenue, saying it's the highest in the world.