Winter comes for Tencent and NetEase as video game freeze enters December

NetEase shares plunged by as much as 9 per cent on Tuesday after it suspended emulation software on PC for its hit game Harry Potter: Magic Awakened
Investors hope a big video game industry conference this month will reveal new details about Beijing’s licensing freeze that started in August

1 Dec 2021 - 5:52PM

NetEase, China’s second-largest video game company, recently suspended emulation software allowing gamers to play its hit new game Harry Potter: Magic Awakened on PC, raising concerns about an extended game licensing freeze. Photo: Shutterstock

Video gaming

Winter comes for Tencent and NetEase as video game freeze enters December

1 Dec 2021 - 5:52PM

NetEase shares plunged by as much as 9 per cent on Tuesday after it suspended emulation software on PC for its hit game Harry Potter: Magic Awakened
Investors hope a big video game industry conference this month will reveal new details about Beijing’s licensing freeze that started in August

Xiaomi founder and CEO Lei Jun (left in front) signs a deal with local government officials to set up an electric vehicle factory at the Yizhuang economic development zone. Photo: Handout

Xiaomi to build its first electric vehicle factory in Beijing

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Hendrick Sin is the co-founder of Chinese gaming powerhouse CMGE, which is behind hits such as One Piece; The Voyage. Photo: Handout

China to control video games like films, game firm founder says

In an interview with the Post, CMGE vice-chairman Hendrick Sin says China aims to carefully regulate video games as they are a channel for expressing ideology.

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Huawei teases US consumers with Black Friday 100 per cent discount offer

Huawei’s Twitter post teases consumers about a ‘100 per cent discount’ on phones it sells in the US, where it is banned from doing business.

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Visitors explore at a virtual reality exhibition at the Hong Kong Space Museum. The metaverse concept has been defined as a shared virtual experience where players interact through digital avatars. Photo: Nora Tam

Why Chinese tech giants embrace the metaverse despite warnings

Bilibili says it has great potential to develop the metaverse after Tencent and NetEase made similar declarations, as the People’s Daily cautions investors against falling into what it sees as a market hype.

19 Nov 2021 - 7:30AM