CMGE makes a global play with Chinese-themed video games
With a hit product rocketing up the charts, the mid-sized gaming company is diversifying its portfolio and aiming for international impact through a flurry of deals and tie-ups Key Takeaways:…
Is Youdao finally learning how to earn profits?
The education spinoff of gaming giant NetEase reported narrowing losses in the second quarter and said it expects to be profitable on an operating basis this year Key Takeaways: Youdao…
Game operator ZX sees creative future in AI
The owner of the Tan Wan platform has invested HK$100 million to set up a subsidiary to apply artificial intelligence to the gaming industry Key Takeaways: ZX revenue fell 26% to…
CMGE turns its game to e-sports with new tie-up
The mid-sized gaming company announced a strategic alliance with e-sports specialist Guangzhou Chaojing Investment, though no financial terms were given Key Takeaways: CMGE said it has formed a partnership with…
CHINA BULLETIN: Weak Inflation, Producer Price Data Hint at Flagging Rebound
In this week’s issue a China downgrade, zooming car exports, and more hotels roll out the welcome mat for foreigners. On a scale of 1 to 100, we give the…
‘Warcraft’ return to NetEase signals extension of China’s gaming relaxation
A new deal to bring popular ‘World of Warcraft’ games back to China after a one-year absence will have relatively little financial impact on the game’s local host Key Takeaways:…
FAST NEWS: Cloud Music posts first annual profit
The latest: Chinese music platform Cloud Music Inc. (9899.HK) on Thursday reported a net profit of 734 million yuan ($102 million) for 2023, reversing a loss of 221 million yuan in 2022…