As Tencent's gaming division languishes at home, it's flexing its muscles abroad
Posted: Sat Dec 28, 2024 7:18 am
Tencent also has another problem: Beijing abhors “gaming,” which was dubbed “opium for the mind” last summer. Shortly after, Chinese authorities implemented a new rule under which children and teenagers could play video games for only three hours a week: Fridays, Saturdays and Sundays from 8 to 9 p.m. In addition, Beijing only approves those video games that are happily emancipated from blood.
As a result of government regulations list of jiangxi cell phone numbers Tencent's gaming business in China grew by just 1% in the fourth quarter of the year – a tragedy for a once-buoyant business.
In contrast, Tencent's gaming division has grown by 34% in the rest of the world (thanks in large part, of course, to acquisitions). Last year, for example, the Chinese company acquired a majority stake in Berlin-based Studio Yager, responsible for the hit title "Spec Ops: The Line."
Despite the spiral of "shopping" that Tencent has been involved in in recent months, it is clear to everyone that many in the West fear that Beijing could eventually get its hands on important data by relying on companies of Chinese origin.
Chan admits that he has had to intensify his conversations with the American companies he has contacted in recent months to "explain what we do and what we don't." He emphasizes that Tencent "does not have access to the data of our subsidiary companies or to the data of the players of the titles we develop." The company only has data from the video games it operates in China.
As a result of government regulations list of jiangxi cell phone numbers Tencent's gaming business in China grew by just 1% in the fourth quarter of the year – a tragedy for a once-buoyant business.
In contrast, Tencent's gaming division has grown by 34% in the rest of the world (thanks in large part, of course, to acquisitions). Last year, for example, the Chinese company acquired a majority stake in Berlin-based Studio Yager, responsible for the hit title "Spec Ops: The Line."
Despite the spiral of "shopping" that Tencent has been involved in in recent months, it is clear to everyone that many in the West fear that Beijing could eventually get its hands on important data by relying on companies of Chinese origin.
Chan admits that he has had to intensify his conversations with the American companies he has contacted in recent months to "explain what we do and what we don't." He emphasizes that Tencent "does not have access to the data of our subsidiary companies or to the data of the players of the titles we develop." The company only has data from the video games it operates in China.