Tencent bets on the growth of cloud computing abroad amid gaming slowdown

Tencent has faced a number of headwinds in 2022, including a Covid-induced slowdown in China’s economy and a tougher gaming market. Bobby Jip | Reuters tencent said it will launch new cloud computing products aimed at overseas markets as it looks for new avenues for growth amid a slowdown in its core online video game … Read more

China is showing signs of easing its intense crackdown on the gaming sector

Chinese regulators have tightened controls on the domestic gaming sector over the past year and a half. But new batches of game approvals and positive steps to improve gaming addiction among children under 18 could be positive signs that the crackdown is on the wane. Xing Yun | Cost photo | Barcroft Media | Getty … Read more

Nvidia’s results suggest the gaming business is close to an all-time low, analysts say

Nvidia’s latest results suggest a gaming bottom is in sight for its battered semiconductor stock, analysts say. The chipmaker posted a mixed quarter on Wednesday, with earnings falling slightly below analyst expectations. Sales were down 17% year over year. Nvidia’s gaming division reported a 51% drop in revenue as the PC gaming market slows from … Read more

Activision Blizzard ends gaming deal with China’s NetEase

The Blizzard Entertainment booth at the Chinajoy Expo in Shanghai, China, on August 2, 2019. CFOTO | Future publication | Getty Images Activision Blizzard and a Chinese gambling company NetEase are ending their 14-year licensing deal, a move that will see popular game franchises like World of Warcraft and Overwatch being discontinued in China. The … Read more

Amazon begins cutting jobs in the Alexa unit and cloud gaming division

Andy Jassy, ​​CEO of Amazon.Com Inc., speaks at the GeekWire Summit in Seattle, Washington, USA, on Tuesday, October 5, 2021. David Rider | Bloomberg | Getty Images Amazon began laying off employees in its business and tech workforce on Tuesday as CEO Andy Jassy ramps up efforts to contain costs. The company has notified employees … Read more

India’s gaming market hits $2.6 billion with 507 million gamers

New Delhi: Riding more than 500 million gamers across mobile, PC and cloud gaming platforms, the Indian gaming market is likely to hit $2.6 billion in revenue this year, expected to quadruple to $8.6 billion by 2027, it revealed Thursday. from a new report. The country now has about 120 million paying game users with … Read more

JetSynthesys Appoints Anuj Tandon as Gaming Division CEO

CHENNAI: New-age digital entertainment and technology company JetSynthesys has appointed Anuj Tandon as general manager (Director) of the gaming division. Tandon continues from a successful stint in global gaming giant KRAFTON Inc, bringing over 15 years of entertainment experience. He would now work closely with JetSynthesys founder and CEO, Rajan Navani, to bolster the company’s … Read more

Gaming ‘somewhat resilient’ against weak economy

Microsoft’s The head of gaming said on Wednesday that video games can withstand economic weakness, even as the software maker expects a slower rebound in other parts of its consumer-oriented business. Rising prices and interest rates have prompted investors to hurry up and find financial markets that can withstand a downturn. Gaming remains a high … Read more

Microsoft boosts search for Chinese gaming in race against Sony

Microsoft Corp is stocking up on Chinese video game content to match Sony Group Corp’s success with “Genshin Impact,” sources say, cementing China’s transition from a player-only country to a hub of blockbuster developers. The US software giant and Japan’s technology vanguard has been offering a lot of money to small developers for several years … Read more

Nintendo conducts 10-for-1 stock split to lure new investors

Nintendo performed a 10 for 1 stock split that lowers the price of an individual stock. The 133-year-old Japanese gaming giant hopes the move will make it more affordable for a wider group of investors to buy the company’s shares. Zhang Peng | Light Rocket | Getty Images Nintendo conducted the previously announced 10-for-1 stock … Read more