CHINA ONLINE GAMING
Airbnb says 30 pc rise in bookings from Indian guests for Olympic Games Paris 2024
Airbnb said travellers from over 160 countries and regions have already booked their stays on its platform during the sporting event. The Paris Olympics will be held from July 26 to August 11, 2024. As of March 31, 2024, nights booked during the dates of the Olympics are over five times higher than they were in the Paris region the same time a year ago, it added.
China's landfills brim with textile waste as fast fashion reigns and recycling takes a back seat
In China, the world’s largest textile producer and consumer, more than 26 million tons of clothes are thrown away each year, according to government statistics. Most of it ends up in landfills.
Edtech consolidation; GenAI chatbot hallucinations
Edtech firm Schoolnet has acquired learning app Genius Teacher for an undisclosed sum. This and more on today’s ETtech Top 5.
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.
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.
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 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.
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.
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