Reuters

Tencent revamps Arena of Valor esports from 2022, joins forces with Honor of Kings as plans for global expansion

Source Node: https://dotesports.com/mobile/news/tencent-revamps-arena-of-valor-esports-from-2022-joins-forces-with-honor-of-kings
Time Stamp: August 28, 2021 10:53 AM - Modified On: August 28, 2021 - Published By:
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Tencent is planning to expand Arena of Valor esports significantly in 2022, the company announced in a press release today. The game’s esports scene will see an overhaul next year with more competitions around the world and will join forces with Honor of Kings. Honor of Kings is the original MOBA game developed and published by Tencent Games in 2015 for mobile devices. Later, a globalized version was released in 2016 called Arena of Valor for players around the world. While the games have several differences, Tencent will be uniting

Apple proposes update to allow App Store developers to share information about alternative payment options

Source Node: https://dotesports.com/business/news/apple-proposes-update-to-allow-app-store-developers-to-share-information-about-alternative-payment-options
Time Stamp: August 27, 2021 3:07 AM - Modified On: August 27, 2021 - Published By:
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Apple announced that it will be updating its policy allowing App Store Developers to communicate with customers about alternative payment options as part of a proposed settlement to resolve a class-action lawsuit from developers in the U.S. In a statement from Apple, the company detailed the changes they have proposed to the App Store, which they believe will “help make the App Store an even better business opportunity for developers”. The main point within the agreement is regarding the communication of payment options, which was formerly against the App Store’s

China roundup: Games are opium, algorithms need scrutiny

Source Node: https://techcrunch.com/2021/08/07/china-roundup-game-algorithm-crackdown/
Time Stamp: August 7, 2021 12:09 PM - Modified On: August 7, 2021 - Published By:
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Hello and welcome back to TechCrunch’s China roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. The question for the tech news cycle in China these days has become: Who is Beijing’s next target? Regulatory clampdowns are common in China’s tech industry but the breadth of the recent moves has been unprecedented. No major tech giant is exempted and everyone is being attacked from a slightly different angle, but Beijing’s message is clear: Tech businesses are to

SIE CEO Jim Ryan Feels Sorry For Not Being Able To Meet PS5 Demands

Source Node: https://gamingbolt.com/sie-ceo-jim-ryan-feels-sorry-for-not-being-able-to-meet-ps5-demands
Time Stamp: July 28, 2021 11:40 AM - Modified On: October 29, 2021 - Published By:
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In a recent interview with Reuters, SIE CEO Jim Ryan expresses his feelings about the global PS5 shortage. During the interview, Jim told that while Sony is actively working to resolve supply issues, there seems to be no end to this shortage anytime soon. The global chip shortage and widespread scalping have made getting a PS5 extremely tough since launch, and unprecedented demand for the console means that it won’t likely end soon. A redesigned PS5 a short while before, which is quite a bit lighter than the launch version

Tencent acquires Sumo Digital for $1.3 billion, adds Stunlock Studios

Source Node: https://dotesports.com/business/news/tencent-acquires-sumo-digital-for-1-3-billion-adds-stunlock-studios
Time Stamp: July 19, 2021 4:36 PM - Modified On: July 19, 2021 - Published By:
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Chinese multimedia giant Tencent has fully acquired two groups that it previously held a stake in: Sumo Group and Stunlock Studios. Sumo is a British video game holding company that manages multiple subsidiaries, including Sumo Digital. Tencent previously held an 8.75 percent stake in the company that it purchased in 2019 but is now fully acquiring the entire group in a $1.27 billion deal.  This is a premium acquisition for Tencent, specifically with Sumo Digital, which has experience working on multiple big franchises and games like LittleBigPlanet 3, Hitman, Team

Tencent Acquiring Sumo Digital for $1.27 Billion

Source Node: https://gamingbolt.com/tencent-acquiring-sumo-digital-for-1-27-billion
Time Stamp: July 19, 2021 4:32 AM - Modified On: October 29, 2021 - Published By:
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As reported by Reuters, Tencent will acquire Sumo Digital for $1.27 billion. Shareholders for the latter will receive 513 pence in cash per share with the company being valued a £919 million. Non-executive chairman Ian Livingstone said, “The Board of Sumo firmly believes the business will benefit from Tencent’s broad video gaming ecosystem, proven industry expertise and its strategic resources.” Carl Cavers will continue to serve as CEO, stating that, “The opportunity to work with Tencent is one we just couldn’t miss.” Co-founders Darren Mills and Paul Porter are also

Moonton reportedly using optional exclusivity clause to prevent orgs in Mobile Legends Professional League from having Wild Rift teams

Source Node: https://dotesports.com/news/moonton-reportedly-using-optional-exclusivity-clause-prevent-mpl-orgs-wild-rift-teams
Time Stamp: July 13, 2021 6:09 PM - Modified On: July 13, 2021 - Published By:
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Teams competing in the Mobile Legends: Bang Bang Professional League (MPL) may have to drop their League of Legends: Wild Rift rosters. Moonton is reportedly including an exclusivity clause in its contract with organizations competing in the MPL that will keep them from having a Wild Rift lineup. The news was first revealed by Onic Esports’ Govher “Gov” Tallulembang Madethen in a since-deleted livestream on Wild Rift YouTuber Kurohiko’s channel. The player alleged that Moonton is attempting to monopolize the esports market in the region. Dot Esports reached out to

CD Projekt Red to Develop Multiple High-Budget Games Starting in 2022

Source Node: https://gamingbolt.com/cd-projekt-red-to-develop-multiple-high-budget-games-starting-in-2022
Time Stamp: May 31, 2021 6:36 PM - Modified On: October 29, 2021 - Published By:
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CD Project has had a rough go of it recently. The publisher is still trying to get Sony’s approval to return the game to the PlayStation Store, the game’s second director and head of production recently resigned due to accusations of bullying, and despite several patches, the game is still pretty buggy. Combine all of that with the news that the company’s net profit is down more than 60% in the first quarter from the same time last year, and it’s easy to see that Cyberpunk 2077‘s release hasn’t been

Cyberpunk 2077 Developer/Publisher CD Projekt Reports First Quarter Net Profits Down 64.7%

Source Node: https://gamingbolt.com/cyberpunk-developer-publisher-cd-projekt-reports-first-quarter-net-profits-down-64-7
Time Stamp: May 31, 2021 4:50 PM - Modified On: October 29, 2021 - Published By:
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The bad new surrounding Cyberpunk 2077 and CD Projekt Red just doesn’t stop these days. CD Projekt Red is still trying to get Sony’s approval to return the game to the PlayStation Store, the game’s second director and head of production resigned due to accusations of bullying, and despite several patches, the game is still pretty buggy. No CD Projekt SA has reported that the company’s first quarter net profits are down more than 50% – 64.7% if we’re being precise – in the first quarter from the previous year,