Chinese Company Alibaba Announced USD 5.5 Million eSports Tournament

On Wednesday Alibaba announced they’re getting in on the action with the World Electronic Sports Games (WESG). WESG, which will be run by Alibaba subsidiary AliSports, will be a new Shanghai-based...

Fuze Launches Tomahawk F1 Console In China, To Beat Sony And Microsoft

Fuze Entertainment CEO, Wang Feng, took to the stage in Beijing yesterday to unveil their brand new console named “Tomahawk F1” according to a post from video game analyst and blogger known as...

6 Gaming Trends To Watch For In 2016

Fallout Shelter generated $5.1 million for Bethesda in its first two weeks. Activision Blizzard bought King Digital for $5.9 billion and mobile games developer China Mobile Games and Entertainment Group merged...

Chinese DeePoon Gears Up For Wireless VR Market Boom

Chinese virtual reality hardware manufacturer DeePoon held a press conference last week, rolling out its blueprint on building a domestic VR development platform for both industry developers and content providers. Three major perspectives...

Tencent Said To Market USD 3.5 Billion Supercell Acquisition Loan

Tencent Holdings Ltd. has started marketing a $3.5 billion loan to lenders to back its purchase of a majority stake in Supercell Oy from SoftBank Group Corp., people familiar with the...

Thailand’s Mobile Games Market Will Reach US$ 211 Million in 2016

With 60,000 mobile developers, Thailand's mobile app market is ranked third in Southeast Asia, only behind Indonesia and Vietnam. Applift, a mobile app marketing platform, forecasts that Thailand's mobile games market will...

Amazon Japan Starts To Sell Games Internationally

That is a pleasant and unexpected surprise. Via some brave testers at NeoGAF, Amazon Japan has quietly begun allowing customers from outside the country to buy its video games according to a...

Australia’s Games Industry: Another Year Of Strong Growth

The Australian Interactive Games & Entertainment Association (IGEA) has announced another year of strong growth, with sales of interactive entertainment reaching AUS $2.83 billion in 2015. The continuing trend of double digit...

South Korea’s Games Companies Tumble Amid Tougher Regulations

The number of Korea's gaming companies more than halved in 2014 from five years earlier due to a series of intensified governmental regulations, including a ban on minors' access to online...

Adways Invested In Singapore-Based Game Developer Daylight Studios

Tokyo based Adways Inc announced it has invested in Singapore-based game developer, Daylight Studios, Pte. Ltd. as well as partnering with its wholly-owned subsidiary, Quest Drop Pte. Ltd., a mobile games...

360 Games Launched SUPER360° Strategy To Help Game Developers Enter Chinese Market

360 Games, one of the leading Chinese game platforms and publisher, announced that it has launched a series of innovative initiatives to attract global game developers to China. The initiatives include the...

Baofeng Stakes Growth Through Gaming Companies

Baofeng.com, an online entertainment firm listed on the Nasdaq-like ChiNext board, will spend 3.1 billion yuan (US$477 million) to acquire three firms to expand its business into game, film and overseas...

37 Interactive Entertainment No.18 On the Top 100 Chinese Internet Companies

Ever since the beginning of 2015, 37 Interactive Entertainment has expanded its business scope from games to the all-round entertainment market. Applying the company's core strategy, "Integration, Globalization and Diversification", 37...
Mario Kart 8 for Nintendo Wii U

Nintendo Halves Profit Forecast On Strong Yen

Video game giant Nintendo last week chopped its full-year net profit forecast in half, saying slowing sales and a recent pick up in the Japanese currency were eating into its bottom line...

MOL Partners With Sony Computer Entertainment For Southeast Asia

MOL AccessPortal (MOL), the operating company of MOL Global (MOLG), has entered into a partnership with Sony’s division which operates PlayStation® business in Asia, to provide MOLPoints as a payment option...

Funplus Announced Investment In Singapore Mobile Game Studio XII Braves

Beijing based FunPlus, the publisher of top ranking game Dot Arena and worldwide leader in social games, recently entered into a longterm strategic partnership with mobile game studio, XII Braves. The multimillion investment by...

China’s Cheetah Mobile Plans Major Silicon Valley Presence

Cheetah Mobile Inc. named Charles Fan as its new Chief Technology Officer. Charles will lead the global R&D activities for the company. Based out of Silicon Valley, Charles will also lead...

Tencent Cloud Helps Chinese Enterprises Go Global

Tencent Cloud, the cloud business division of Tencent Holdings Limited, recently announced global support to provide cloud service to Chinese enterprises seeking overseas expansion. Tencent Cloud has well-equipped data centers in North...

To Prevent Media Bubble, China Could Tighten Investment Rules

In a bid to head off a speculative bubble, China’s securities regulator is set to bar companies from selling new shares to fund investments in film and television, online gaming, Internet...
Sony Project Morpheus VR headset

Virtual Reality to Generate USD 2.3 Billion in Revenue This Year

US market research company IDC (International Data Corporation) has identified that virtual reality would generate $2.3 billion in revenue this year in the global market. While VR has driven much of the recent hype,...