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

Quick Summary:

Chinese gaming giants are reconsidering their spending in Japanese studios amid a revival in the Chinese market, led by the summer hit Black Myth: Wukong.

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.

NetEase’s far larger rival, Tencent, is also reconsidering the pace and scale of investments in the country, the people said, asking not to be named as the details are not public.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: Hong KongChinaCubaJapan

Topics: Gaming Studios Japanese Investments Game People Games Netease Japan Tencent Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 11:00:08 (2 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 876 words

Reading Time: 5 minutes read

Sentences: 37 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22303413

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