Tencent sharpens focus on ‘evergreen’ video games in mainland China as domestic industry matures

Tencent sharpens focus on ‘evergreen’ video games in mainland China as domestic industry matures

Tencent Holdings is looking to sharpen its focus on “evergreen” video games that generate steady revenue, instead of rushing out new titles, as the domestic market continues to mature. “We are more focused now, and we tend to cancel many products with intermediate positioning,” Tencent senior vice-president Steven Ma Xiaoyi said in a report published … Read more

TikTok joins US$10 billion club as only non-video game app to reach the revenue milestone amid strong ByteDance growth

TikTok joins US billion club as only non-video game app to reach the revenue milestone amid strong ByteDance growth

Short video app TikTok has become the first entertainment mobile app that is not a video game to rake in more than US$10 billion in global user spending, according to a new report, as its Beijing-headquartered parent ByteDance continues to see strong revenue growth despite political headwinds. The app known for seconds-long viral content is … Read more