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The Latest Breaking News from Tencent

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.

China Unveils New Gaming Curbs, Sending Tech Stocks Tumbling

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 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...

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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.

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

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.

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.

Windows Central

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

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.

Investors Business Daily

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

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.

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

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.

Tencent Stock Jumps As Earnings Top Estimates

Tencent Stock Jumps As Earnings Top Estimates

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

Investors Business Daily

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

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".

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

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

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

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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Android Central

VR news of the week: Quest 3 Lite, Pico woes, SteamVR Theater, and a stacked November

Everything you need to know about the world of VR this week, including Meta's plans to steal Pico's Chinese market, AAA game releases in November, and a cool new SteamVR trick.

Android Central

The Meta Quest 3 Lite could cause big problems for Pico in China

Meta and Tencent have reached a provisional deal to bring Meta Quest VR headsets to China, and the first major product could be the Quest 3 Lite.

The CEO behind Indonesia's biggest movie ever wants to make your next foreign film hit : ‘I see ourselves as South Korea 15 years ago’

Tencent-backed MD Entertainment and its CEO Manoj Punjabi want to ride a wave of interest in Indonesian films—despite an "under-screened" local market.

The Guardian - UK

Power up: will Chinese financing be the saviour of the Japanese video game industry?

Japan is seen as the home of games, but the sector is struggling – and China is poaching its talent. It’s a power shift that may change the gaming landscape for good

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Morningstar: 3 cheap foreign stocks

"Limiting your search for investments to U.S. companies limits your opportunity set," wrote Morningstar's Susan Dziubinski.

Musk wants to charge everyone to use Twitter to counter 'bots’

Bots are actually advertisers' problems, but Musk needs to get account details from all his users if he wants to create an 'everything app' that rivals WeChat.

The Guardian - UK

Chinese video games are on the rise, but I wish they got more respect

China is the world’s biggest gaming market, where a culture of creativity has flourished – so please do not conflate companies and players with a repressive regime that cracks down on individual expression

Tencent is bringing back Delta Force as a 'large-scale multiplayer PvP' shooter with a singleplayer campaign based on Black Hawk Down

This will be the first new Delta Force game since 2009.

What happened to the once-mighty Japan, Inc.?

Japan's Mitsubishi Corporation used to be the world's largest company by revenue. Now it's No. 46.

China’s Internet Majors Downsize to Weather Business Headwinds

Survey finds that six of the 10 biggest players slashed payrolls last year, including Tencent, Meituan and Alibaba

Synced preview - a pop-punk flavoured post-apocalypse

Synced brings fantastic customization to its PvPvE and co-op action as players must navigate a techno-apocalyptic future.

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