Bloomberg is reporting that Visions of Mana developer Ouka Studios is about to the shuttered by parent company NetEase, GameDeveloper reported. The Japanese studio opened in 2020 and hired veteran developers from Capcom and Bandai Namco. It was tapped to…
Reuters reported that Tencent Holdings is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts the Chinese tech giant to cut cost and headcount at its metaverse unit, three sources familiar with the matter said.…
Beijing prosecutors initiated a civil public-interest lawsuit against a Tencent subsidiary on Friday, saying the “youth mode” on the company’s popular social messaging app WeChat does not comply with laws protecting minors, Reuters reported. The Verge explained that the lawsuit…
Grinding Gear Games, creator of Path of Exile, announced in a forum post that Tencent has acquired a majority stake in Grinding Gear Games. The forum post was written by Grinding Gear Games Chief Chris Wilson. Our Chinese publisher, Tencent, has…