NetEase Cutting Jobs At Ouka Studios Ahead Of Potential Closure
Bloomberg is reporting that Visions of Mana developer Ouka Studios is about to the shuttered by parent company NetEase, GameDeveloper reported.
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Tencent
Tencent Scraps Plans For VR Hardware As Metaverse Bet Falters
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. According to Reuters, the world’s largest video game publisher had ambitions plans to build both virtual reality software and hardware
China Sues Tencent Over WeChat’s Youth Mode
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 is against Tencent, a Chinese tech giant. The Verge also explained that when WeChat is used in youth mode, it
Tencent has Invested in Grinding Gear Games
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 acquired a majority stake in Grinding Gear Games. We will remain an independent company and there won't be any big