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The Latest Breaking News from Tencent

The CCP softens its stance on live service games after plummeting stocks, reportedly removes official responsible for the panic

Draft rules drama.

PC Gamer

Beijing reportedly removes a key official responsible for video games after the surprise release of draft rules wipes billions in value from the sector

China may be doing damage control after it released new rules imposing limits on the country's massive video gaming sector, leading to a plunge in shares.

Fortune

Baidu's ChatGPT Rival Ernie Bot Surpasses 100 Million Users

US-based AI startup OpenAI's ChatGPT reached 100 million weekly active users in November last year.

International Business Times UK

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Chinese gaming sector in turmoil as regulators announce new proposals

Measures include spending limits for online games and ban on rewarding players for logging in each day

The Guardian - UK

China softens latest video-game crackdown to mollify video game industry

The industry regulator had proposed barring player rewards for livestreaming and for daily log-ins, but now says it will “carefully study” public views in response to the drafts.

Fortune

Stock market today: Global shares climb, tracking advance on Wall Street

World shares have advanced, tracking gains on Wall Street after markets there reopened following Monday's holiday

The Independent UK

China Approves 105 Video Games After Tencent, NetEase Dive On Proposed Gaming Rules

China OK'd 105 video games as regulators try to ease concerns after proposed new rules slammed Tencent, NetEase and other gaming stocks Friday.

Investors Business Daily

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China's Press Authority Approves 105 Online Games, Supports Industry

China's press and publications authority approves 105 new online games, signaling support for the industry after recent investor losses. Creative future ahead!

Top News

China OKs 105 online games in Christmas gesture of support after draft curbs trigger massive losses

China's authority in charge of press and publications has approved 105 online games, saying it fully supports the industry after newly proposed curbs caused massive losses for major game companies

The Independent UK

'Beyond Our Borders': Vietnam Tech Firm VNG Takes On World Best

VNG co-founder Le Hong Minh's first taste of international competition was as a gamer for Vietnam at an early e-sport tournament in South Korea.

International Business Times

Dow Jones Holds Up Despite Nike Sell-Off; Inflation Cools, But Chinese Stocks Plunge On Clampdown News

The Dow Jones was in rally mode near midday Friday, helped by another cool reading on inflation. But a couple of Chinese stocks fell sharply.

Investors Business Daily

Shares in Tencent and NetEase plunge after Beijing surprises investors with new spending limits for video game players

“This could be the beginning of the end of the smartphone game business model," warned one analyst.

Fortune

China Unveils New Gaming Curbs, Sending Tech Stocks Tumbling

China announced Friday another set of planned curbs on the amount of time and money that people can spend gaming online, triggering a share market sell-off in some of the nation's biggest tech giants worth billions of dollars.

International Business Times

China's Proposed Guidelines Target Excessive Spending on Online Gaming

China's draft guidelines to curb excessive spending on online gaming causes major plunge in stocks, signaling the ruling Communist Party's commitment to co...

Top News

DreamStar: Tencent's New Party Game Challenges NetEase

DreamStar, a new shimmering party game from Tencent, has burst onto the scene, shaking the stars and striking some cosmic concern in rival NetEase's universe.

Caixin Global

Weekly Must-Read: In China, Hydrogen’s Star Rises

As interest in the potentially environmentally friendly energy source grows, experts say cost-effective green versions of the gas are a long way off

Fortune

Baidu reveals expectations-beating earnings and touts its new ChatGPT-like AI models, amid leadership chaos at U.S. competitor OpenAI

Baidu took an early lead in the race to dominate China's AI sector with the release of ERNIE Bot earlier this year.

Windows Central

Xbox is on track to knock Sony PlayStation down to third place for the first time in history

Microsoft has now acquired Call of Duty maker Activision-Blizzard, and the implications of that massive transaction are now coming into view. For the first time in history, Xbox is on track to leapfrog PlayStation in gaming software and services revenue.

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news in one place.

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Investors Business Daily

Stock Market Rally Extends Gains On Slowing Inflation; Microsoft, Cisco, Walmart In Focus: Weekly Review

The stock market rally extended strong gains on tame inflation. A Microsoft AI chip and poor guidance from Cisco, Walmart and Palo Alto were in focus.

Fortune

A series of bad news stories—including an abandoned cloud spin-off plan—wipe billions from Alibaba's market cap

Alibaba blamed U.S. chip controls for its decision to abandon plans to spin-off its cloud computing unit as an independent company.

Fortune

The U.S.'s efforts to stymie Chinese chip production are not watertight

As Biden and Xi meet at the APEC summit in San Francisco, a new report to Congress highlights the limits of the White House's chip export controls.

Investors Business Daily

Tencent Stock Jumps As Earnings Top Estimates

Tencent early Wednesday reported third-quarter earnings that topped estimates, with sales also ahead of expectations.

TechRadar

Remedy reveals plans to reboot project Vanguard to a premium game 'with a strong cooperative multiplayer component'

Remedy Entertainment is rebooting project Vanguard to a premium game "with a strong cooperative multiplayer component".

GamesRadar

Remedy's mystery multiplayer shooter is ditching the free-to-play model and going all-in on co-op

The rebooted project is now called Kestrel

PC Gamer

Remedy's free-to-play multiplayer game is going back to the drawing board for a 'reboot' as a premium game

Codename Vanguard is out—Codename Kestrel is in.

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