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China’s Internet user base reaches 591M

CNNIC
The China Internet Network Information Center (CNNIC) announced in a report this week that internet users in China grew to 591 million as of the end of June 2013, up 26.56 million from the end of 2012. Internet penetration has also reached 44.1 per...

New VN Internet regulations from September

VN Internet, MIC official
Vietnam's Ministry of Information and Communications (MIC) has announced new Internet, social networking and gaming regulations covering online management, licensing and copyrights in the country. The new laws go into effect in September. Some critics have labelled the new Vietnamese regulations as a threat to...

Sony’s hardware revenues down, mobile and software sales up

Sony
Sony released their first quarter financial report for 2013, revealing that sales grew by 13 per cent to 1.712 trillion JPY, with net profits of 3.48 billion JPY (US$35.38 million); a year on year decline from net profits of 24.64 billion JPY (US$250 million)...

Earnings rise as Sega’s move to digital pays off

Sega
Sega Sammy has announced first quarter revenues of 90.7 billion JPY, up 29.6 per cent from last year, with profits of 12.9 billion JPY, up 408 percent from the same period in 2012. Video game division earnings totalled 18.8 billion JPY for the period,...

Kakao game platform hits 30M players

Kakao Games
Korea’s Kakao game platform has acquired 30 million players, according to Kakao's Eric Choi. The platform is part of the Kakao Talk mobile messaging service, with 100 million users and available in 12 languages and 200 countries. According to Choi, eight Kakao games have generated...

Nintendo reports only 160,000 Wii U consoles sold last quarter

Nintendo
Nintendo’s latest financial report reveals that the company sold just 160,000 Wii U consoles for the period from April to June this year. Wii U sales have dropped sharply since 3.06 million were sold in the first quarter after the console's launch. “Wii U hardware...

Giant to launch PLA’s controversial military sim in China

Glorious Mission Online
Glorious Mission Online, a 'Call of Duty' style game created by the Chinese military in 2011, will be released online in China this month by game publisher Giant Interactive. "The online version will target adolescent gamers and military buffs, and help bolster national defence education...

ChinaJoy 2013 visitor total tops 200,000

ChinaJoy 2013
The eleventh annual ChinaJoy game show came to a close on Sunday, and the organisers have announced total attendance figures of 201,112 during the four day event in Shanghai. ChinaJoy 2013 featured several B2B and B2C exhibition halls with over 400 exhibitors, special press and...

Capcom profits down 37 per cent with few releases in Q1

Capcom
Capcom has announced first quarter revenues of 17.4 billion JPY for 2013, down 6.2 per cent from the same period last year, with profits of 828 million JPY, a 37.3 per cent decline. The company's games segment results were also poor, with sales down 9.4...

Nexon invests in US game studio Rumble Entertainment

Nexon and Rumble Entertainment
Korean online gaming publisher Nexon has announced a cash investment in exchange for a minority stake in US developer Rumble Entertainment, maker of F2P social titles for hardcore gamers on multiple platforms. Nexon pioneered the free-to-play model in online games, and in 2011 raised US$1.2...

Tencent retains stake in Activision Blizzard

Tencent
Activision Blizzard recently announced that the company will spend US$5.83 billion to repurchase stock from parent Vivendi. As a 6 per cent strategic stakeholder in Activision Blizzard, Chinese Tencent is also involved in the transaction. Tencent and Activision Blizzard began their partnership early last year,...

SEA’s Garena to release League of Legends in Indonesia

League of Legends
Southeast Asia's largest game publisher and online gaming service provider Garena has announced the upcoming release of League of Legends (LoL) in Indonesia. Garena Indonesia's CEO Zhou Junjie said in the announcement that League of Legends “deserves the title of the most played PC...

ChangYou reports second quarter earnings rise of US$182.4M

ChangYou
As ChinaJoy concluded in Shanghai, ChangYou reported financial results for the end of the second quarter, with revenues of US$182.4 million, a quarterly increase of 24 per cent and 3 per cent growth compared to Q2 last year. Specifically, ChangYou online game revenues rose to...

Inquiry concludes that AU pays inflated prices

Australia Tax
A government committee has investigated accusations that Australians pay significantly higher prices than consumers overseas for games and other IT products. The committee’s report, released today, includes extensive consumer submissions and industry responses, as well as a number of key findings and recommendations. Committee chair...

Sun Taihu on Snail’s transition to new platforms

Snail Games
Snail's Assistant CEO Sun Taihu said during ChinaJoy that the company's transition to new platforms is not solely focused on mobile games, but part of the company's planned expansion in several interrelated media. Mobile development is now one the hottest trends in China, and online...

Japan must invest to succeed in China, says DeNA China’s CEO

DeNA China
DeNA's Wang Yong, the Japanese social gaming platform's CEO in China, stated at a ChinaJoy press gathering that the company continues to bear pressure in the Chinese market and from domestic channels, with "investment" a must. DeNA's Japanese competitor GREE recently pulled out of the...

GungHo Online releases Freak Tower

Freak Tower
GungHo Online, the Japanese developer behind the mobile hit Puzzle & Dragons, announced the launch of their newest F2P title for iOS and Android, the tower-defence building sim Freak Tower. GungHo’s last game, Puzzle & Dragons, averaged daily in-games sales of US$3.75 million in...

Snail and Shanda partner for Black Gold Online

Black Gold Online
Chinese developer Snail and game publisher Shanda have announced a partnership for the upcoming release of Snail's highly anticipated new title, Black Gold Online. With the successful debut of the steam punk-inspired online game at this year's E3, Snail Games and Shanda Games have agreed...

With new titles and development focus, NetDragon looks to grow overseas

NetDragon
NetDragon is showing flagship online games Demon and Dragon Hunter Wars at ChinaJoy this year, as well as promoting several new online and mobile titles. NetDragon's Demon is expected to launch in China this September, and the developer's first fantasy-style ARPG game, Dragon Hunter Wars,...

Excalibur at 20M downloads, dev Linekong plans overseas expansion

Excalibur
Chinese game studio Linekong's mobile title Excalibur has tallied over 20 million downloads in China. Developed with an eye to global markets and currently localised in-house, Linekong now plans to launch the action MMORPG mobile game in Japan and Korea in August, with Turkey,...