ByteDance restructures gaming unit Nuverse under veteran CEO Zhang Yunfan, refocusing on “fun games” despite selling studios, canceling titles.
During its quarterly earnings report, Remedy Entertainment, the renowned Finnish game developer behind iconic titles like Control and Alan Wake, provided a major update on the remakes of Max Payne 1 and 2 and Tencent’s investment. Max Payne 1 & 2 Remake in Full Production During the presentation, Remedy revealed that the Max Payne 1…
Tencent Cloud has recently teamed up with Pocketpair to provide dedicated multiplayer servers for the hugely popular game Palworld. This collaboration aims a smooth multiplayer gaming experience for “Pals” players worldwide using Tencent Cloud – “Lighthouse“. Need for Dedicated Servers “Pokemon with Guns” – Palworld has already amassed over 25 million players within just a…
According to Bloomberg, Tencent’s gaming studios Timi and Lightspeed are both building mobile games taking inspiration from the viral hit Palworld. Palworld, an indie PC title released in January, has taken the gaming world by storm, becoming the world’s most downloaded new title upon its release. This open-world, survival, and crafting game with the nurture of…
If you’re a die-hard PUBG Mobile gamer, you’re in for a treat! Tencent has confirmed that the hugely popular game will receive a performance boost in the upcoming Version 3.2 update, with support for a whopping 120 frames per second (FPS). This is a significant upgrade from the current maximum of 90 FPS, and it’s…
Tencent, the Chinese gaming juggernaut, is reportedly developing a gacha game based on FromSoftware’s hit Elden Ring according to Reuters. The goal is to create a free-to-play mobile title with in-app purchases that can compete with HoYoverse’s hugely successful Genshin Impact. However, Tencent may be facing an uphill battle in trying to adapt Elden Ring’s…
Tencent recently cancelled a mobile game based on Square Enix’s popular “Nier” console franchise, according to Reuters. The cancellation shows the challenges Tencent faces in adapting big-budget console and PC games into lucrative mobile titles. Why Did Tencent Halt Its “Nier” Mobile Game? Tencent had been developing the unannounced “Nier” mobile game for nearly two…
Recently China has given 32 “Waizi” licenses to foreign games including Tencent and Nexon’s Mobile DnF game after years of regulatory delays. The go-ahead DNF in the world’s largest gaming market sent a positive vibe among the developers as their share surged. Tencent gained nearly 6% after the news, its biggest daily gain since July…
Hasbro denies rumors it’s selling Dungeons & Dragons IP to Tencent, says valuable D&D brand is not for sale despite financial struggles. Dungeons & Dragons fans were shocked this week by rumors that Hasbro could be looking to sell the beloved tabletop roleplaying game to Chinese conglomerate Tencent. But are the rumors true, or simply…
In a surprising turn of events, Team Kaiju, a prominent gaming studio under Tencent’s umbrella in the US, has silently closed its doors. Tencent has officially acknowledged the closure, stating, “We can confirm that we have closed Team Kaiju and canceled the studio’s unannounced game project.” But, Tencent doesn’t give any reasons in an official…
