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NetEase Games Executives Arrested In $139M Bribery, Money Laundering Scandal: Report (UPDATED)
Tuesday, November 12, 2024 - 1:12pm | 376Editor’s note: This story has been updated with comments from NetEase. NetEase Inc’s (NASDAQ:NTES) NetEase Games, one of China's leading gaming companies, is facing a corruption scandal. According to reports from Bloomberg Law, the company's General Manager Xiang Lang, along with...
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NetEase To Close Ouka Studios, Developer Of Visions Of Mana: Report
Friday, August 30, 2024 - 2:26pm | 471NetEase Games, one of the largest gaming developers in China, is reportedly planning to shutter its Tokyo-based subsidiary, Ouka Studios. According to Bloomberg, Ouka Studios, best known for developing the game Visions of Mana, has reportedly undergone significant staff reductions, with sources...
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China Welcomes Back World Of Warcraft As Blizzard, NetEase Reach Agreement
Wednesday, April 10, 2024 - 2:50pm | 419After a tumultuous fallout in 2023, Blizzard Entertainment and NetEase Inc (NASDAQ:NTES) have reconciled, marking a return of popular gaming titles to the Chinese market. What Happened: A joint statement released on Wednesday revealed that the iconic World of Warcraft and other beloved games from...
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How Tencent's New Mobile Ventures Aim To Mimic Palworld's Global Success
Tuesday, March 26, 2024 - 2:26pm | 386Tencent Holdings ADR (OTC: TCEHY) is drawing inspiration from the breakout success of Palworld to rejuvenate its core business. According to Bloomberg, the company's leading studios, Timi and Lightspeed, are independently developing mobile games that blend open-world exploration with the...
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Tencent Develops Elden Ring Mobile To Revitalize Gaming Portfolio: Report
Wednesday, February 7, 2024 - 5:06pm | 441China's Tencent Holdings ADR (OTC: TCEHY) is reportedly developing a mobile version of the popular action role-playing game Elden Ring by FromSoftware, in a bid to revitalize its gaming portfolio. However, since acquiring licensing rights in 2022 and establishing a team for the project, "...
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Tencent's DnF Mobile Leads Market Revival with 2.9% Stock Surge After China's Gaming Regulation Reversal
Friday, February 2, 2024 - 3:01pm | 424China's gaming regulator, the National Press and Publication Administration (NPPA), unexpectedly approved a new batch of 32 foreign video games, easing concerns in the market after the recent scrapping of a controversial gaming regulation. Notable among the approvals is the hit title Dungeon...
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Why Are Tencent And NetEase Shares Up Today? Hint: It Has To Do With Chinese Goverment Gaming Regulations
Tuesday, January 23, 2024 - 4:56pm | 433China's gaming regulator has removed proposed rules from its website that aimed at curbing spending and rewards in video games. The removal from the National Press and Publication Administration's (NPPA) page was spotted by Reuters on Jan. 23. The draft rules, announced last month, had...
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Tencent Responds To China's Crackdown On Video Gaming, Doesn't Anticipate Changes
Friday, December 22, 2023 - 3:14pm | 504China's top gaming regulator unveiled surprise draft rules targeting overspending and excessive online gaming during the Christmas period. What Happened: New rules will impose spending limits on in-game purchases, forbid rewards for frequent log-ins, and ban content affecting national security...
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Who Leads The China Internet Motif?
Tuesday, May 5, 2015 - 2:32pm | 339Motif Investing offers investors more than 100 ready-made, professionally built portfolios called motifs. One of the more popular motifs, China Internet, achieved a 22.6 percent one-year return. The selection of stocks offers investors a hypothetical exposure to the world's largest internet...
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Top Trending Tickers On StockTwits For January 22
Wednesday, January 22, 2014 - 11:57am | 878Here's a look at the top tickers trending on StockTwits.com: Coach: Iconic brand losing market share This morning Coach (NYSE: COH) released its second quarter results. The company reported an EPS of $1.06, missing the consensus estimate of $.11. Revenue declined 5.3 percent year over year at...