
Tencent soars after 8 months of gaming freeze in china
Finally, the long-awaited has ended. China’s gaming industry in a rally after regulators approved the country’s first batch of new titles in more than eight months.
Finally, the long-awaited has ended. China’s gaming industry in a rally after regulators approved the country’s first batch of new titles in more than eight months.
The sudden death of a young programmer at Chinese internet giant Tencent Holdings, regarded as a ‘genius’ and one of the country’s best hopes in making world-class video games, has sent shock waves across the industry.
China’s financial regulator has blocked a merger of the nation’s two largest video game live-streaming sites planned by tech giant Tencent over antitrust concerns, it said Saturday, 10 July.
Tencent’s Pokémon Unite is like League of Legends with Pikachu for Nintendo Switch and smartphones
“India is sweetly positioned to exponentially grow the gaming industry,” said Vishal Seth, a managing director overseeing mergers and acquisitions for Protiviti India. “The online platform has a very strong outlook considering India has the world’s largest youth population and the second-largest Internet penetration.”
Alibaba and rival Tencent Holdings each boast about 1 billion users of their payment platforms, which account for 90% of total mobile transactions. They have spurred a shift away from cash and spawned countless businesses that rely on this new financial infrastructure.