Tencent tries to defend their gaming business with a Microsoft cooperation
Tencent subsidiary TiMi Studios and Microsoft's Xbox Game Studios have entered into a strategic partnership that will help Microsoft's video games enter the Chinese market. At the same time, Tencent has announced that it will launch 60 new video games. This can be seen as a response to ByteDance's greater efforts to gain a foothold in the gaming market. Last year, Tencent generated CNY 156B (USD 24.2B) in video game sales, making it very attractive for ByteDance to attack this monopolistic market.
This briefing is contributed by and first appeared on CIMK.
In-depth
Consumer Staples, Technology
Smart IoT Device Brings Future Homes into Focus, but Sparks with Interoperability Issue
With the dawn of home automation having been heralded for years, the 'smart' label of in-home products as forthcoming additions has become ubiquitous in the sustainable technology market. Global companies sought to further underline their credentials in home automation which led to a massive stretch of the imagination from smart light bulbs and thermostats to doorbells.
Jun 02, 2022 10:07 PM
Briefing Jun 28, 2022 01:54 PM
· Financials
Suspension of large amount subscription of Jingshun great wall reform opportunity hybrid fund
Dec 11, 2023 08:49 PM
Dec 28, 2021 06:19 PM
Jun 29, 2021 11:48 PM
Jan 03, 2021 10:56 AM
Briefing Jun 27, 2022 12:35 PM
· Automotive
According to the German business daily, Mercedes Benz will stop manufacturing class a cars around 2025.
Briefing Jun 27, 2022 12:14 PM
· Communication
Tencent QQ responded to large-scale account theft: the affected area has been controlled and criminal evidence of Mafia gangs is being collected
Briefing Jun 21, 2022 10:59 AM
· Consumer Staples
Meta universe concept stocks move up
See more
Read next
Insight
In-depth
Consumer Staples · Analysis
Chinese Cuisine Brand YGF Malatang Ventures into Brazil
Apr 23, 2024 02:21 PM