A sheep game is going viral in China despite tight gaming regulation
A young Beijing company’s game called “Sheep a Sheep” went viral in China in September 2022. Evelyn Cheng | CNBC BEIJING — A new game that’s gone viral in China…
Netflix to open video game studio in Finland, looks to boost audience
Netflix gift cards are seen in a shop in Krakow, Poland on June 13, 2022. Jakub Porzycki | Nurphoto | Getty Images Netflix said Monday it will be opening an…
Walmart enters the metaverse with Roblox
Walmart is entering the metaverse with two experiences premiering Monday on online gaming platform Roblox. The retail giant’s first foray into the virtual world will feature a blimp that drops…
Singapore’s Temasek leads investment in Chinese start-up Well-Link
In just three years, Beijing-based Well-Link Technologies has built a business on real-time cloud rendering, including helping miHoYo launch the cloud version of the hit game Genshin Impact. Ina Fassbender…
Nintendo shares jump 5% after record Japan sales of Splatoon 3
Nintendo said domestic sales of Splatoon 3 hit a record in the first three days of the game being on sale. Splatoon 3 proved to be a hit in Japan,…
Roblox jumping into ads in effort to diversify beyond virtual goods
Roblox has built a userbase of over 52 million people by providing a gaming and entertainment platform that’s mostly been targeted at kids. Now the company wants advertisers to join…
Shares of Assassin’s Creed maker Ubisoft plunge after Tencent ups stake
Tencent has increased its stake in French games maker Ubisoft, the company behind popular franchises like Assassin’s Creed. But analysts said this has effectively closed the door on a full…
Sony, Tencent, NetEase continue deal hunt to expand new formats, markets
Revenue from mobile games accounts for more than half of the mobile gaming market. Sony is looking to diversify beyond consoles with its new dedicated PlayStation mobile gaming division. Mateusz…
Facebook Gaming app, a rival to Amazon’s Twitch, to shut down
Jakub Porzycki | Nurphoto via Getty Images Facebook plans to close down its Facebook Gaming app, which lets users watch and play video games on-demand. Starting Oct. 28, Facebook Gaming…
First quarterly earnings decline forecast
People stroll previous a Tencent signal on the corporate headquarters in Shenzhen, Guangdong province, China August 7, 2020. David Kirton | Reuters Tencent may just put up its first year-on-year…