Shein, a fast-rising Chinese fast-fashion online retailer targeting Gen Z and millennials worldwide, faces a number of new rivals, which had included Dmonstudio.
Video games giant Ubisoft has formed a partnership with Animoca Brands’ metaverse platform to further develop NFT-based gaming experiences in the virtual world, despite a potential backlash from players.
Tencent Video added back 11 out of 12 minutes cut from the cult classic ending that had authorities saving the day, but it retains cuts for nudity.
A report by a think tank at Peking University that concluded China would suffer more from a tech decoupling with the US was deleted from WeChat, after it received publicity in local and international media.
Two small private banks announced an end to services for banknotes and coins in the latest sign that China is moving towards a fully cashless society.
Chinese brands accounted for four of the top five smartphone brands in India last year, according to Counterpoint.
Richard Liu Qiangdong said he is donating 62.4 million class B shares to a third-party foundation, making him the latest tech executive to make a large donation amid Beijing’s ‘common prosperity’ drive.
Providers of services that manipulate images and videos will be required to verify user identities and respect social morality.
As Covid-19 deals a blow to businesses, design firms in Hong Kong shift to building experiences in the virtual world.
Analysts say QQ engine update could be a major move by Tencent into metaverse-related projects.
Sandbox VR has plans to triple its global arcade footprint to 40 locations, rebounding from bankruptcy in the US in 2020.
Investors are betting firms like Animoca Brands can disrupt incumbent video games business model by combining NFTs and the metaverse.
The past year saw an international boom in NFTs, the total value of which exceeded US$40 billion, but criminal activity has also increased in this sector.
Working professionals in Hong Kong are leaving job security behind to start their own NFT projects, but their rapid rise in the span of a few months has increased concerns of a bubble.
Projects like Delirious Mind Travelers and Degenerate Ape Academy are spending big money in a bet on the future of NFTs in Asia’s financial hub.
With the process for new approvals in limbo, about 14,000 small studios and video gaming-related firms in China went out of business over the past several months.
The change of mood in China’s tech industry due to a barrage of regulatory change is tangible and sudden after a decade of exceptional growth.
Chinese online search giant Baidu is cutting at least 100 employees from its video games development unit, as the company moves to trim losses amid Beijing’s ongoing regulatory crackdown.
Monkey Kingdom fraud is the latest in a series of scams seen in the space in recent months as the popularity around NFT reaches fever pitch.
Mao Xingyun, a video game programmer and avid writer who enjoyed a wide following on the Chinese internet, died at age 30.
Slower growth comes after Chinese regulators implemented teenage play limits and froze new game licence approvals in August.
The development comes after Microsoft recently pulled LinkedIn from China and introduced a new job search app without a social feed
The CCTV reports said that pay-to-play blockchain games should be treated with caution, and that many are a scam, underlining Beijing’s aversion to cryptocurrency activities.
Analysts say Alibaba wants to leverage its edge and cloud computing technology to establish the essential infrastructure for the metaverse.
In Hong Kong, where housing is scarce and property is deemed the most critical of investments, the interest around digital land sales is reaching a fever pitch.
The Sandbox co-founder Sebastien Borget aims to build a decentralised metaverse outside the control of Big Tech as investors pour money into its NFT virtual land sales.
The White House has placed SenseTime on an investment blacklist over alleged human rights abuses in Xinjiang after the AI company cut its IPO size by more than half earlier this week.
Douban has provided Chinese netizens with a relatively liberal forum to share unconventional opinions that sometimes contradict Beijing’s views.
Video gaming giant Tencent has selected Singapore as the site of its fourth overseas TiMi development studio, as the Southeast Asian city state is shaping up to be a regional hub for the sector.
