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Pocketpair CEO Claims Several Studios Are Making Palworld Clone
Pocketpair CEO has claimed several developers, including Tencent, are making Palworld clones. What goes around, right?
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Team Kaiju Closure By Tencent Reveals Disturbing Trend In The Gaming Industry
Tencent has shuttered U.S. video game studio Team Kaiju which was considered an important part of the Shenzhen-based company’s global expansion plan. Although Tencent pulled the plug on Team Kaiju in June, the news only surfaced this month.
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TikTok Parent Company ByteDance Expected To Cut Hundreds Of Jobs In Gaming Division
TikTok parent company, ByteDance, has invested billions of dollars in its gaming division called Nuverse since its launch in 2019. The investment was considered a strategic move to challenge domestic market leaders like NetEase and Tencent.
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China’s Video Game Player Count Hit Record High As Market Reel In $20 Billion
The video game player population in China touched a new high in June 2023. According to a Reuters report, China’s video game player population rose to 668 million.