Nanshan District, Shenzhen
China unveils new gaming curbs, sending tech stocks tumbling
China on Friday announced new plans to restrict the online gaming industry, sending shares in tech giants including Tencent tumbling and wiping tens of billions of dollars off their value.
New draft restrictions published online by the regulator are aimed at limiting in-game purchases and compulsive playing behaviour.
China’s Tencent injects cash in Slovenian game developer
Ljubljana – The Chinese tech giant Tencent last year acquired a 25% stake in the Slovenian video games developer Triternion in exchange for a EUR 8.2 million recapitalisation of the company, the newspaper Finance has reported. The acquisition of the minority stake was announced on Friday on the website Games Press by Triternion founder and CEO Marko Grgurović.
Toymaker Lego teams up with Chinese internet giant Tencent
Danish toymaker Lego is teaming up with Chinese internet giant Tencent Holdings Ltd to jointly develop online games and potentially a social network aimed at Chinese children.
China's Tencent overtakes Facebook as world's biggest social network
Chinese tech giant Tencent's mega-rally has turned it into the world's fifth-largest company and the first Asian firm to enter the half trillion dollar club.