CHINA ONLINE GAMING
More worries for China, sales at big e-commerce festival drop for first time
This year the shopping festival failed to stir up much excitement among shoppers, industry experts said, even as major platforms extended offers to a weeks-long period to woo consumers who have been tightening their belts amid a gloomy economic outlook.
Anand Mahindra enjoys tug-of-war between India & China!
A video posted by the news agency ANI depicted troops from India and China participating in a tug-of-war game. According to the agency, Army officials confirmed the authenticity of the viral video, which allegedly captures a friendly league match held on Monday as part of the UN Peacekeeping Mission. Tug of War is a competitive sport where two teams pull on opposite ends of a rope, with the goal of pulling the opposing team across a central line.
Leave gaming to the real mai-baap
Gaming is a significant industry in India, with around 57 million active gamers, the second-largest globally after China. Children, youngsters, and women form a significant part of this user base, enabled by increased broadband penetration, smartphone adoption, and local content creation. However, the government is considering imposing time and spending limits on gamers to address gaming addiction, sparking concerns about state overreach. Instead, the focus should be on raising awareness about screen time and letting parents make informed choices, rather than intrusive regulations.
Govt eyes time, spend curbs to tackle gaming addiction
The government is leaning towards imposing time limits as opposed to certifying games as permissible or non-permissible through self-regulatory organisations (SRO), an official at the IT ministry said.
Sacred Games: How Indian mythology is taking over gaming consoles
Indian gaming enthusiasts now have access to games rooted in Indian history and culture, like managing the Ayodhya Ram Temple's functioning and building the Vande Bharat Express. Players can immerse themselves in the world of the legendary Tamil emperor Rajendra Chola and experience high-speed chases and stealth attacks.
China's EV survival game creates peril -- and power
China's electric vehicle market is experiencing fierce competition as new models flood the market, leading to price reductions. Innovative approaches by companies like Hesai and Launch Design are reshaping the industry dynamics and accelerating EV development.
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Microsoft, NetEase to relaunch Warcraft game in China, ending feud
The two companies said in press release on Wednesday that they are working to bring games developed by Blizzard Entertainment, a subsidiary of US gaming giant Activision Blizzard which Microsoft acquired last year, back to the world's second-largest economy.
How India's rising gaming ecosystem is bringing investment opportunities
With the advent of cutting-edge technologies such as Gen AI, cloud gaming, 5G, and XR, the gaming industry in India is growing rapidly.
Indian gaming market revenue may double to $6 billion by 2028: report
According to a joint report by Interactive Entertainment and Innovation Council and online gaming firm Winzo, projects paying gamers to reach 240 million by 2028 from 144 million paid users for games in 2023.
China's approves licences for 32 imported online games for 2024
Among the games approved by the regulator are two titles to be published by Tencent Holdings such as Kirby Star Allies and Taiko no Tatsujin by Nintendo.
Tencent chief says gaming business under threat, catching up in AI
Pony Ma, speaking at Tencent's annual meeting in a stadium in Shenzhen on Monday, said that the company has been resting on its laurels in gaming while competitors have delivered new hits. Video games account for more than 30% of Tencent's revenue.
China regulator removes draft video game rules from website; shares jump
The link to the draft rules on the National Press and Publication Administration's (NPPA) website was inaccessible as of Tuesday morning, after having worked on Monday. The removal was described by analysts as unusual, with some saying a revision could be in store.
Apple’s India iPhone output at Rs 1 lakh crore; SC move on egaming tax notices
Tech giant Apple has made iPhones worth Rs 1 lakh crore in India during 2023, further strengthening its ambitions in the country. This and more in today’s ETtech Top 5.
23 going on 24: Making sense of a chaotic yet colourful year for India's tech sector
From 15.4 billion downloaded games to 138.08 crore people covered by Aadhar, India's tech sector had an eventful 2023. ET takes a look at the top 23 moments from 2023.
Will China ease its new video game controls? Investors think so
When trading resumed after the four-day holiday weekend in Hong Kong, Tencent rose about 4%, and NetEase jumped 12%, recovering some of their losses. The companies' shares rose again on Thursday, although more modestly.
Shares of Tencent, NetEase rebound after Chinese regulators vow to improve draft rules
On Friday, Chinese regulators announced a wide range of draft rules aimed at curbing spending and rewards that encourage video games, sparking fears that regulators were once again cracking down heavily on the sector.
Game theory: China softens stance on gaming after $80 billion rout
Chinese officials rekindled fear that they will start another round of tech crackdowns after top gaming regulator National Press and Publication Administration announced on Friday new rules to limit the development of online games, including an unspecified cap on spending by adult players.
ETtech Explainer | China's curbs on online games to impact digital gaming industry
The draft regulations require gaming companies to introduce caps on recharging in-game wallets and remove features which are meant to increase gameplay such as rewards for daily log-ins.
China stocks slip, gaming shares extend slump after new rules announced
The blue-chip CSI 300 Index slipped 0.1% and the Shanghai Composite Index was down 0.3% by the midday recess.
China approves licences for 105 domestic online games in December
Further, Chinese authorities may revise newly drafted online gaming rules, the state media reported Saturday, a day after the announcement of the planned curbs triggered a sell-off in major tech stocks.
China says may revise gaming rules after tech stocks tumble
Chinese authorities may revise newly drafted online gaming rules, state media reported Saturday, a day after the announcement of the planned curbs triggered a sell-off in major tech stocks. "With regard to the concerns and opinions raised by all parties... the State Press and Publication Administration will study them carefully and will further revise and improve them," state broadcaster CCTV reported Saturday.
China announces rules to reduce spending on video games
The new rules, which will effectively set spending limits for online games, sparked panic among investors, wiping off nearly $80 billion in market value from China's two biggest gaming companies, as investors sought to gauge the potential impact on earnings and more restrictions in the offing.
China to curb gaming spend; Tencent, NetEase plunge
The new rules, which will effectively set spending limits for online games, sparked panic among investors, wiping off nearly $80 billion in market value from China's two biggest gaming companies.
China unveils new gaming curbs, sending tech stocks tumbling
China on Friday announced new plans to restrict the online gaming industry, sending shares in tech giants including Tencent tumbling. Beijing first moved against the gaming sector in 2021 as part of a sprawling crackdown on big tech, including a strict cap on the amount of time children could spend playing online.
Playing on Numbers: Making sense of India’s gaming boom
Over the past three years, the online gaming industry has grown at a CAGR of 28 per cent, reaching Rs 16,428 crore in FY23 and is likely to reach Rs 33,243 crore by FY28.
Byju’s CEO says will tide over crisis in 45-60 days; BNPL startup ZestMoney to shut down
Amid the ongoing cash crunch at Byju’s, founder and CEO Byju Raveendran told senior executives that he is aiming to address the crisis over the next 45-60 days.
Online gaming funding falls from Rs 12,740 cr in FY22 to Rs 835 cr in FY24
The report stated that interest rate hikes, tightened liquidity, inflation, changes in taxation, and concerns about an imminent recession are some of the reasons for the dip in investments in the online gaming segment.
Game theory: How fortunes of India's gaming industry turned from being a sunrise sector
From being a sunrise sector to a stressed one, fortunes of India’s gaming industry have quickly turned. ET looks at what is driving the bullish investor sentiment in the sector despite recent setbacks
VC firm Lumikai cuts growth projection for India’s real-money gaming segment
The share of RMG in the Indian gaming market, which today is nearly 60%, could reduce to 32% by fiscal 2028, said the State of India Gaming FY23 report released by Lumikai.
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