game company

2024.08.20

08:46

Chinese game Black Myth: Wukong makes headlines after launch

Asia Tech Wire (Aug 20) -- The much-anticipated Black Myth: Wukong, China's first AAA game, debuted at 10 a.m. on Tuesday, and immediately made headlines on Chinese social media platforms.

2024.08.19

09:15

Assassin's Creed maker maker Ubisoft lays off employees in U.S.

Asia Tech Wire (Aug 19) -- Ubisoft, the maker of video games such as Assassin's Creed, is laying off 45 people at its offices in San Francisco and Carey, North Carolina.

2024.07.03

09:20

EQT to buy video game services company Keywords Studios for $2.8 billion

Asia Tech Wire (July 3) -- Dublin-based video game services company Keywords Studios has agreed to a takeover worth 2.2 billion pounds ($2.8 billion) by European private equity firm EQT.

2023.10.26

06:50

China's Ultrapower expects to launch two new games overseas next year

Asian Tech Press (Oct 26) -- Chinese technology company Ultrapower (300002.SZ) said it expects to launch two new SLG games overseas next year.

2022.04.13

06:31

Nintendo to build new development center on $39.8 billion land adjacent to headquarters

Asian Tech Press (Apr. 13) -- Japanese video game company Nintendo Co Ltd plans to build a new development center on a $39.8 billion piece of land adjacent to its headquarters in Japan.

2021.12.28

11:14

League developer Riot Games to pay $100 mln to settle gender discrimination lawsuit

Asian Tech Press (Dec 28) -- California-based video game developer Riot Games Inc. reportedly settled a 2018 gender-based discrimination class-action lawsuit and agreed to pay $100 million in damages and legal fees.

2021.11.02

10:52

Game developer Perfect World fined 31,000 for reselling unavailable Dota props

Asian Tech Press (Nov 2) -- Perfect World Entertainment, a China-based game company, was recently fined 200,000 yuan ($31,272) by a Beijing market watchdog for re-selling out-of-print Dota props.

2021.10.15

09:11

Sina said to buy fractional shares of Yoozoo Games

Asian Tech Press (Oct 15) -- The former US-listed Sina Corp, China's Twitter-like platform Weibo's parent company, reportedly intends to acquire some stakes in Shanghai-based game developer Yoozoo Games.

2021.09.09

10:39

Sony's PS5 sold more than 1 million units in Japan

Asian Tech Press (Sep 9) -- Sony PlayStation 5 (PS5) gaming console has sold more than 1 million units in Japan, Japanese media Famitsu reported Thursday.

09:19

China reportedly suspends approval for new online games

Asian Tech Press (Sep 9) -- China has temporarily suspended approvals for new online games, the South China Morning Post reported exclusively on Thursday.

2021.08.03

08:56

China's gaming stocks tumble as state media decries online gaming as "spiritual opium"

Asian Tech Press -- China state media The Economic Information Daily, affiliated with Xinhua News Agency, issued an article on Tuesday slamming the game industry, saying that the dangers of games are being increasingly recognized by society, and people often use the term "spiritual opium" and "electronic drug" to refer to online games.

2021.07.19

07:35

Tencent to buy UK game company Sumo in $1.27 bln deal

Asian Tech Press -- China's tech giant Tencent Holdings Ltd.s has proposed to buy British game Sumo Group plc in a deal that valued the firm at 919 million pounds ($1.27 billion), according to Reuters.

2021.05.25

03:44

Sony's PS5 is in high demand in the second-hand market

On May 12, six months after the launch of the PS5, the average price on significant auction sites was 75,000 to 80,000 yen per unit, about 50% higher than the suggested retail price of the new PS5.

2021.05.13

03:55

Tencent & Xbox Game Studios Reach Strategic Partnership

According to the official announcement released by Tencent's TiMi Studio, they will carry out multi-dimensional and deep cooperation and communication with Xbox Game Studios to jointly create game content.

2021.05.10

11:30

China's first Steam infringement case solved: How did pirated games become public enemies?

April 25, 2021, the first infringement case in China of illegally distributing games in selling Steam accounts was solved.

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