Tencent, NetEase rethink Japan investments after yielding few blockbuster video games

Tencent, NetEase rethink Japan investments after yielding few blockbuster video games

The previously unreported moves to cut back staff and spending in Japan follow years of investment in the world’s No 3 gaming market, with not much to show for it. China’s two dominant game publishers sought to escape a stagnating home market by making a series of bets in Japan since 2020, looking to incubate … Read more

Nintendo’s Pokémon and Riot Games have titles approved for sale in China

Nintendo’s Pokémon and Riot Games have titles approved for sale in China

China’s video gaming regulator has approved a new batch of 15 foreign video games, with titles from League of Legends-maker Riot Games, Nintendo and Sega among those to be released in the domestic market. The mobile version of Valorant, a popular first-person shooter from Riot, which is based in the US but owned by Tencent … Read more

Riot Games lays off over 500 employees, shutters Riot Forge

Riot Games lays off over 500 employees, shutters Riot Forge

Riot Games League of Legends publisher Riot Games has cut 11% of its staff, resulting in 530 layoffs. The major company restructure will see the company’s entire Riot Forge studio shut down and include cuts to the Legends of Runeterra development team. Riot Games announced the move in two blog posts on its website. One … Read more