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China’s Smartphone Market Slump

Huawei revenue took a tumble in Q1, Apple revenue disrupted by lockdowns, Xiaomi shares sunk by Indian authorities

Kaiying Network Plans Indirect Wemade Stake Through US$298 Million Investment

Kaiying Network（恺英网络）plans to invest an estimated USD 298 million to acquire a 49% interest in an offshore vehicle connected to the proposed takeover of Wemade Co., Ltd., the South Korean game developer and original rights holder of the Legend of Mir IP. If completed, the transaction would give the Chinese publisher an indirect economic interest of about 19.7% in Wemade, based on the buyer vehicle’s planned 40.25% holding.

All Wishes Come True Opens in Malaysia After Kuala Lumpur Premiere

Chinese animated feature All Wishes Come True（《八仙！》） held its Kuala Lumpur premiere on Aug. 24 and opened nationwide in Malaysia on Aug. 27.

Perfect World’s NTE Tops RMB2 Billion in Global Gross Billings

Perfect World Games (完美世界游戏) said its self-developed open-world action RPG Neverness to Everness (NTE, 《异环》) had generated more than RMB2 billion in cumulative global gross billings as of Aug. 18, according to the company’s 2026 interim report.

Phantom Blade Zero Becomes First Chinese Game to Receive a Dedicated Sony State of Play

Sony Interactive Entertainment announced on Aug. 11 that it will hold a dedicated State of Play presentation for Chinese action role-playing game Phantom Blade Zero (《影之刃零》) on Aug. 18. The 15-to-20-minute broadcast will focus entirely on the game, marking the first time Sony has organized a standalone State of Play showcase for a Chinese-developed title.