Tesla shareholder Tencent supports Elon Musk despite distractions on Twitter

A Tesla store in Changzhou, China, in April 2022. Tencent, known as one of the world’s largest gaming and social media companies, invested in Tesla in 2017, taking a 5% stake for approximately $1.78 billion. Sheldon Cooper | Sopa Images | Rocket | Getty Images Tesla will “keep blowing our minds” with technology even as … Read more

The Chinese NetEase buys the game studio SkyBox Labs involved in Halo Infinite

Canadian company SkyBox Labs is co-developing Halo Infinite for Microsoft’s Xbox. NetEase acquired SkyBox Labs as part of an aggressive international push and because it’s eyeing a slice of the console market. Patrick T Fallon | Bloomberg | Getty Images NetEase announced Friday that it had acquired Canadian game studio SkyBox Labs, which co-develops major … Read more

The Chinese NetEase buys the game studio SkyBox Labs involved in Halo Infinite

Canadian company SkyBox Labs is co-developing Halo Infinite for Microsoft’s Xbox. NetEase acquired SkyBox Labs as part of an aggressive international push and because it’s eyeing a slice of the console market. Patrick T Fallon | Bloomberg | Getty Images NetEase announced Friday that it had acquired Canadian game studio SkyBox Labs, which co-develops major … 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

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

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

A game of sheep goes viral in China despite strict game rules

The game from a young Beijing company called “Sheep a Sheep” went viral in China in September 2022. Evelyn Cheng | CNBC BEIJING – A new game that has gone viral in China hit people’s screens with surprising speed at a time when gaming giants such as NetEase have waited months for approval to launch … Read more

A game of sheep goes viral in China despite strict game rules

The game from a young Beijing company called “Sheep a Sheep” went viral in China in September 2022. Evelyn Cheng | CNBC BEIJING — A new game that has gone viral in China has hit people’s screens with surprising speed at a time when gaming giants like NetEase have waited months for approval to launch … Read more

Kevin O’Leary says it’s ‘crazy’ not to invest in Chinese stocks

Avoiding the Chinese market is “crazy” and “makes no sense” in light of how cheap Chinese stocks are currently, said Kevin O’Leary of O’Shares Investments. According to him, this is due to these factors: the expected size of economic growth in China; a foreseeable end to regulatory disputes with the United States; and the interdependence … Read more