tencent Archives

Intriguing Negotiations Unfold as ByteDance Initiates Quest to Seek Acquirer for Nuverse’s Gaming Endeavors, Garnering the Attention of Several Prominent Entities, Including Tencent.

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1 year ago
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After ByteDance’s announcement of withdrawing from the gaming business and shutting down Nuverse, the company has now started negotiating with multiple interested parties to sell its gaming assets. One name...

China’s Government Relinquishes Control over Gaming Industry After Enacting Stringent New Regulations, Causing Turmoil in the Gaming World

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1 year ago
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After China’s National Press and Publication Administration (NPPA) unveiled a draft of new regulations to govern and control game expenses and content, gaming company stocks in China, such as Tencent...

China Expands Online Gaming License in the Country with Addition of 105 Games – Pledges to Enhance Novel Regulations Governing Online Gaming.

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1 year ago
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The National Press and Publication Administration (NPPA) of China has recently issued new licenses for online games in the country for the month of December, totaling 105 games. Among these...

Bytedance Surpasses Tencent with Stupendous Revenue of 1.1 Trillion Coins: An Unverifiable Assertion

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1 year ago
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According to Bloomberg’s report, Bytedance is projected to generate a revenue of approximately 1.1 trillion US dollars this year, showing a 30% growth from the previous year (which also saw...

Tencent’s Performance Report: Ascending by 10% through Video Advertising and Mini Games in WeChat’s Business Sector, A Comprehensive Revelation

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1 year ago
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In its Q3 2023 financial report, Tencent announced a 10% growth in total revenue, reaching 1.55 trillion yuan compared to the same period last year. The company also reported a...

Tencent Engages as Prime VR Distributor in China, Forging a Pioneering Agreement with Meta and Introducing Next-Generation, Budget-Friendly VR Headsets that Outshine the Quest 3.

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1 year ago
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Meta and Tencent have reached an agreement for Tencent to be the exclusive distributor of Meta’s headset VR in China, similar to how Tencent is the distributor for Nintendo Switch,...