Gaming

Tencent Video launches ‘League of Legends’ anime series in China
Gaming

Tencent Video launches ‘League of Legends’ anime series in China

As first reported by Gaming Industry 24/7 The League of Legends animated TV series world debuted on Chinese streaming platform Tencent Video. The Anime series is based on the popular esports League of Legends Event. The new Series is a collaboration between China’s Tencent Video, Tencent Games, and Riot Games. According to Arcane co-creators and executive producers Christian Linke and Alex Yee, it was their love for League of Legends that motivated them to bring the game to the small screen. According to Yee, in order to create something “THAT BOTH FANS OF THE IP AND NEWCOMERS CAN APPRECIATE,” THEY TRIED TO “FORM A PRODUCTION TEAM COMPRISED OF BOTH LONGTIME LEAGUE PLAYERS AND LEAD DEVELOPERS” AND THAT HELPED “GIVE US INSIGHT INTO BOTH PERSPECTIVES THAT DIFFERENT AUDI...
Huya Live Sets Company Record After 20% YoY Growth
Gaming

Huya Live Sets Company Record After 20% YoY Growth

Huya Live is one of China’s largest live-streaming platforms with the absence of foreign tech companies prohibiting companies like Twitch to operate in the country. According to data presented by Safe Betting Sites, Huya Live generated its largest-ever quarterly net revenue in Q2 2021 – $458.8M. Huya Generated Company Record Quarterly Net Revenue In Q2 2021 – More Than $450M The ban on foreign tech companies in China means, companies like Twitch and Facebook are barred from operating in the country. This led to the creation of China’s own robust tech ecosystem that allowed domestic tech companies to flourish, sometimes even at an international level. Huya Live is one of these companies, a live-streaming platform that specializes in video-game streaming, much like Twitch. Huya Liv...
HUYA Inc. Announces Management Change
Gaming

HUYA Inc. Announces Management Change

HUYA Inc today announced that Ms. Catherine Xiaozheng Liu has tendered her resignation as the Company’s Chief Financial Officer due to personal reasons, effective on September 8, 2021 . The Company greatly appreciates Ms. Liu’s significant contributions to Company’s business, financial management, capital markets transactions and corporate governance, and sincerely wishes her continued success in her future endeavors. Although leaving the Chief Financial Officer position, Ms. Liu will serve as an advisor to Huya to assist with the transition through March 31, 2022 . Concurrently, Ms. Ashley Xin Wu has been promoted to the position of Vice President of Finance. Ms. Wu will assume Ms. Liu’s duties on an acting basis, and will report directly to Mr. Rongjie Don...
Tencent Holdings investing in one new gaming company per week
Gaming, Tech

Tencent Holdings investing in one new gaming company per week

Tencent Holdings (currently the world’s biggest mobile game vendor) invested in 27 gaming companies in the first half of 2021. This is roughly one every seven days on average This round of investment appears to be mainly defensive. There is a lot of pressure from ByteDance Technology, Alibaba Group Holding and other competitors who are attacking Tencent's dominant position in the gaming sector. “Tencent keeps expanding its product lines by investing in excellent game developers of massive-multiplayer on-line, role play, simulation, card and leisure games to eliminate the possibility of any new gaming giants emerging,” an industry analyst said. ‘Genshin Impact,’ developed by rival miHoYo Technology Shanghai, overtook Tencent’s Arena of Valor to become the world’s highest-earning m...