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NetEase
NetEase
NEWS
Other famed franchises like StarCraft, Diablo, Hearthstone and Overwatch will also once again be live for players in China
Apr.10 2024 14:32 PM
- China's gaming industry faces stricter regulations with the release of a draft by the National Press and Publication Administration (NPPA) aiming to limit excessive gameplay, high spending, and "loot box" mechanics. The announcement caused significant market turmoil, with major companies like Tencent and NetEase experiencing sharp stock price declines.
- The draft includes measures such as setting spending limits for all players (not just minors), prohibiting certain reward mechanisms that encourage daily logins or continuous spending, and restricting the sale or rental of game approval numbers. It also extends regulation to virtual currency transactions, requiring real-name registration using digital RMB wallets.
- The gaming industry is adjusting to these new regulations by revising product features and considering changes in project development. While some companies have responded positively to the draft's intentions, there are concerns about conflicts with business models and revenue sources. The industry is also undergoing consolidation, with companies focusing on core projects and reducing investment in new developments.
Dec.30 2023 13:35 PM
Analysts believe NetEase will rebound, thanks to the immense popularity of its Eggy Party title, as well as its promising pipeline of projects
Dec.12 2023 14:49 PM
The new feature comes as more companies seek to capitalize on the buzz created by U.S. firm OpenAI’s ChatGPT
Feb.16 2023 21:00 PM
Players of titles including World of Warcraft, Hearthstone and Overwatch can apply for refunds of certain in-game purchases starting Feb. 1
Jan.24 2023 18:03 PM
XPeng to open delivery centers in four European nations, TikTok banned from the University of Texas at Austin campus
Jan.20 2023 20:03 PM
The Chinese company strikes back in an escalating public dispute with U.S. gaming giant Blizzard, accusing its longtime partner of being ‘rude and inappropriate’ when negotiating to keep World of Warcraft on PCs in China
Jan.18 2023 13:47 PM
Authorities clear 70 new game titles amid shrinking market as state media’s tone shifts away from ‘spiritual opium’ and declares the industry technologically important
Nov.18 2022 04:05 AM
The Chinese company’s shares fall as much as 15% in Hong Kong as the loss of the deal will deprive it of a slice of revenue from some of the country’s most popular games
Nov.17 2022 18:35 PM
Amid slowing growth and regulatory headwinds at home, Tencent, NetEase and top startups go abroad in search of new profits
Oct.18 2022 05:32 AM
Regulators approve 73 new offerings from XD, Migu Culture, CMGE Technology and others, but Tencent is still frozen out
Sep.14 2022 04:47 AM
Cloud Village set to go public as it ratchets up challenge to music streaming titan Tencent following direct licensing deals with Universal and Sony
May.27 2021 05:34 AM
Leading Chinese online music provider’s revenue jumps 24% in first quarter on growth in subscriptions, advertising services
May.18 2021 20:07 PM
Chinese video game giant beats estimates as it continues to benefit from a demand surge amid the Covid-19 pandemic
Nov.20 2020 06:31 AM
Earnings jump 48% to beat estimates on 25.9% revenue gain as internet giant also benefits from strong growth in online music
Aug.14 2020 03:43 AM
Aug.4 2020 17:56 PM
Jun.16 2020 12:41 PM
Jun.11 2020 16:28 PM
Jun.9 2020 12:03 PM
Jun.8 2020 12:59 PM
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