China is regulating video games for minors, and shares of gaming tech giants fell significantly. 

But from this Tencent report from 2020: “To maintain a healthy gameplay environment for teenagers in China, we made ongoing upgrades to the
Healthy Gameplay System, which aims to help parents manage younger users’ in-game play time and
spending. During the fourth quarter of 2020, minors aged under 18 accounted for 6.0% of our China online
game gross receipts. Among which, minors aged under 16 accounted for 3.2% of our China online game gross
receipts.”

It looks like it’s going to be a relatively low impact on their earnings? Kids have to play less games, but they don’t represent that big portion of earnings anyway?

China is regulating video games for minors, and shares of gaming tech giants fell significantly.   But from this Tencent report from 2020: “To maintain a healthy gameplay environment for teenagers in China, we made ongoing upgrades to the Healthy Gameplay System, which aims to help parents manage younger users’ in-game play time and spending. During the fourth quarter of 2020, minors aged under 18 accounted for 6.0% of our China online game gross receipts. Among which, minors aged under 16 accounted for 3.2% of our China online game gross receipts.”  It looks like it’s going to be a relatively low impact on their earnings? Kids have to play less games, but they don’t represent that big portion of earnings anyway? https://static.www.tencent.com/uploads/2021/03/24/b83f5784d0579b51cf8515cf560b4256.pdf

Jozhe

The Department of Defense added Chinese internet giant Tencent Holdings and Contemporary Amperex Technology Ltd., the world’s largest maker of electric vehicle batteries and a Tesla supplier, to a blacklist over their alleged ties with the Chinese military. 

https://finance.yahoo.com/news/tencent-loses-billions-market-value-101912419.html

 #A Glance of China 行摄中国

A Glance of China 行摄中国

The Department of Defense added Chinese internet giant Tencent Holdings and Contemporary Amperex Technology Ltd., the world’s largest maker of electric vehicle batteries and a Tesla supplier, to a blacklist over their alleged ties with the Chinese military.   https://finance.yahoo.com/news/tencent-loses-billions-market-value-101912419.html   #A Glance of China 行摄中国

The Department of Defense accused Tencent and EV battery giant CATL of having ties to China's military. Tencent calls the decision "clearly a mistake."

Tencent loses billions in market value after the U.S. accuses the video game giant of links to China’s military

Todd Smith

Chinese gaming giant Tencent Holdings relinquished its two board seats at ‘Fortnite’ maker Epic Games, after the U.S. Department of Justice raised concerns about antitrust violations.

The two Epic board of directors also serve on Tencent’s board, which according to the DOJ is a violation of the Clayton Act that prohibits directors and officers from serving simultaneously on the boards of competitors. Tencent holds a minority stake in Epic, and owns Riot Games, the studio behind ‘League of Legends,’ as well as stakes in other gaming companies, the DOJ said.

Tencent also decided to amend its shareholder agreement with Epic to relinquish its unilateral right to appoint directors or observers to the Epic board in the future, the DOJ said.

https://www.gamesindustry.biz/tencent-directors-step-down-from-epic-games-board-after-us-justice-department-expressed-concerns

 #Game addicts 🤪🎮 
 #Expats in China

Game addicts 🤪🎮

Expats in China

Chinese gaming giant Tencent Holdings relinquished its two board seats at ‘Fortnite’ maker Epic Games, after the U.S. Department of Justice raised concerns about antitrust violations.  The two Epic board of directors also serve on Tencent’s board, which according to the DOJ is a violation of the Clayton Act that prohibits directors and officers from serving simultaneously on the boards of competitors. Tencent holds a minority stake in Epic, and owns Riot Games, the studio behind ‘League of Legends,’ as well as stakes in other gaming companies, the DOJ said.  Tencent also decided to amend its shareholder agreement with Epic to relinquish its unilateral right to appoint directors or observers to the Epic board in the future, the DOJ said.  https://www.gamesindustry.biz/tencent-directors-step-down-from-epic-games-board-after-us-justice-department-expressed-concerns   #Game addicts 🤪🎮   #Expats in China

Two Tencent directors have left Epic Games' board of directors after the US Justice Department "expressed concerns" abo…

Tencent directors step down from Epic Games' board after US Justice Department "expressed concerns"

Bobby

China's video gaming market ended 2023 battered and bruised after the industry regulator proposed a rule change to curb excessive consumer spending on in-game items, causing a bloodbath among China’s gaming stocks that wiped out at least US$80 billion of market value in Shanghai, Hong Kong and New York.

The National Press and Publication Administration (NPPA) in January retracted that proposal after a long-serving Chinese official involved in oversight of the video gaming industry stepped down.

Fast-forward to July, and the industry catches a much-needed break. 

Video gaming publishers based in southern Guangdong province have been allowed since the start of this month to test new titles via certain app stores before a licence is granted by the NPPA, which marks an easing of strict industry regulations.

This new, province-specific rule, unveiled earlier this month by the Guangdong Entertainment & Game Industry Association, aims to “solve the actual difficulties faced by online game companies in testing their products”, the trade group had said. Video game publishers are only required to register in advance with the province’s Press and Publication Bureau.

The “app platforms in the province” that can be used to test new games were not identified.

The rule appears to provide an advantage to Shenzhen-based Tencent Holdings, which runs the world’s largest video gaming business by revenue and operates super app WeChat.

Guangdong is also home to some of China’s largest smartphone vendors that run their own app stores, including Huawei Technologies, Oppo, Vivo and Honor.

Video gaming firms on the mainland must obtain a licence from the NPPA to publish new titles – covering products created for smartphones, gaming consoles and personal computers – before these are released in the market. This process takes some time and the regulator does not provide advance notice of approved titles.

For many developers, the Guangdong-specific rule would provide relief from the mainland’s stringent licensing regime for video games, according to lawyers and developers.

“In practice, some games that do not monetise in-app purchases have faced administrative penalties [for operating without a licence],” Shao Shiwei, a senior lawyer at Shanghai Man Kun Law Firm, said in a recent WeChat post. “At the same time, many games that do not have a licence have been released online without any problems. This is really a headache for game developers.”

As such, many game developers see the rigid licensing process as a grey area in terms of whether they should test a new title with gamers before obtaining a licence or simply wait for the regulator’s approval.

Olivia Qin, a mobile game developer based in the southern tech hub Shenzhen, said the new rule would make things easier for her and augurs well for a plan to start testing her self-developed game in 2025.

“With the new rule, I’m quite relieved as I know an NPPA licence is not a must,” Qin said.

Guangdong’s video gaming industry revenue grew 15.8 per cent year on year to 245.08 billion yuan (US$33.70 billion) in 2023, accounting for 80.9 per cent of the sector’s overall domestic sales, according to data from the provincial trade group.

 https://www.scmp.com/tech/policy/article/3271903/china-relaxes-video-gaming-rules-guangdong-allows-testing-pre-licensed-titles?utm_medium=email&utm_source=cm&utm_campaign=enlz-insidechinatech&utm_content=20240726&tpcc=enlz-insidechinatech&UUID=810ab81034dec15e3bb0ff25f2547918&tc=

#Game addicts 🤪🎮

China's video gaming market ended 2023 battered and bruised after the industry regulator proposed a rule change to curb excessive consumer spending on in-game items, causing a bloodbath among China’s gaming stocks that wiped out at least US$80 billion of market value in Shanghai, Hong Kong and New York.  The National Press and Publication Administration (NPPA) in January retracted that proposal after a long-serving Chinese official involved in oversight of the video gaming industry stepped down.  Fast-forward to July, and the industry catches a much-needed break.   Video gaming publishers based in southern Guangdong province have been allowed since the start of this month to test new titles via certain app stores before a licence is granted by the NPPA, which marks an easing of strict industry regulations.  This new, province-specific rule, unveiled earlier this month by the Guangdong Entertainment & Game Industry Association, aims to “solve the actual difficulties faced by online game companies in testing their products”, the trade group had said. Video game publishers are only required to register in advance with the province’s Press and Publication Bureau.  The “app platforms in the province” that can be used to test new games were not identified.  The rule appears to provide an advantage to Shenzhen-based Tencent Holdings, which runs the world’s largest video gaming business by revenue and operates super app WeChat.  Guangdong is also home to some of China’s largest smartphone vendors that run their own app stores, including Huawei Technologies, Oppo, Vivo and Honor.  Video gaming firms on the mainland must obtain a licence from the NPPA to publish new titles – covering products created for smartphones, gaming consoles and personal computers – before these are released in the market. This process takes some time and the regulator does not provide advance notice of approved titles.  For many developers, the Guangdong-specific rule would provide relief from the mainland’s stringent licensing regime for video games, according to lawyers and developers.  “In practice, some games that do not monetise in-app purchases have faced administrative penalties [for operating without a licence],” Shao Shiwei, a senior lawyer at Shanghai Man Kun Law Firm, said in a recent WeChat post. “At the same time, many games that do not have a licence have been released online without any problems. This is really a headache for game developers.”  As such, many game developers see the rigid licensing process as a grey area in terms of whether they should test a new title with gamers before obtaining a licence or simply wait for the regulator’s approval.  Olivia Qin, a mobile game developer based in the southern tech hub Shenzhen, said the new rule would make things easier for her and augurs well for a plan to start testing her self-developed game in 2025.  “With the new rule, I’m quite relieved as I know an NPPA licence is not a must,” Qin said.  Guangdong’s video gaming industry revenue grew 15.8 per cent year on year to 245.08 billion yuan (US$33.70 billion) in 2023, accounting for 80.9 per cent of the sector’s overall domestic sales, according to data from the provincial trade group.   https://www.scmp.com/tech/policy/article/3271903/china-relaxes-video-gaming-rules-guangdong-allows-testing-pre-licensed-titles?utm_medium=email&utm_source=cm&utm_campaign=enlz-insidechinatech&utm_content=20240726&tpcc=enlz-insidechinatech&UUID=810ab81034dec15e3bb0ff25f2547918&tc=  #Game addicts 🤪🎮

The new rule appears to provide an advantage to Shenzhen-based video gaming giant Tencent and major smartphone vendors that run app stores like Huawei, Oppo, Vivo and Honor.

China’s Guangdong allows video gaming firms to test pre-licensed titles

Sam Mendoza

Tencent's Dungeon & Fighter Mobile generated $140M+ in player spending in its first week in China

https://www.bloomberg.com/news/articles/2024-05-29/dungeon-fighter-mobile-topped-download-and-sales-charts-in-china?utm_source=substack&utm_medium=email

Tencent's Dungeon & Fighter Mobile generated $140M+ in player spending in its first week in China  https://www.bloomberg.com/news/articles/2024-05-29/dungeon-fighter-mobile-topped-download-and-sales-charts-in-china?utm_source=substack&utm_medium=email

Tencent Holdings Ltd.’s blockbuster release Dungeon & Fighter Mobile is estimated to have generated over $140 million in player spending in its first week in China, one of the most lucrative debuts in the world’s biggest games market.

Tencent’s Marquee Game Generates Over $140 Million in First Week

Jerome Cody

the outlook for gaming in China is expected to improve. Tencent and NetEase both have highly anticipated titles set to release in the country. Even TikTok owner ByteDance seems to be reassessing gaming these days. While it was previously reported to be shopping around for a buyer for its Moonton gaming studio, it has recently installed a new CEO and may no longer be looking to sell.

https://www.scmp.com/tech/big-tech/article/3262543/chinese-gaming-giants-tencent-netease-release-new-titles-back-back-sign-intensified-rivalry?utm_medium=email&utm_source=cm&utm_campaign=enlz-insidechinatech&utm_content=20240517&tpcc=enlz-insidechinatech&UUID=810ab81034dec15e3bb0ff25f2547918&tc=5

the outlook for gaming in China is expected to improve. Tencent and NetEase both have highly anticipated titles set to release in the country. Even TikTok owner ByteDance seems to be reassessing gaming these days. While it was previously reported to be shopping around for a buyer for its Moonton gaming studio, it has recently installed a new CEO and may no longer be looking to sell.  https://www.scmp.com/tech/big-tech/article/3262543/chinese-gaming-giants-tencent-netease-release-new-titles-back-back-sign-intensified-rivalry?utm_medium=email&utm_source=cm&utm_campaign=enlz-insidechinatech&utm_content=20240517&tpcc=enlz-insidechinatech&UUID=810ab81034dec15e3bb0ff25f2547918&tc=5

Chinese tech giants Tencent and NetEase announced back-to-back new title releases, in a sign of intensified competition among the country’s top two video gaming publishers.

Jozhe

A group of likeminded people in The Most Important Thing are talking about this.