Tranzactioneaza netease (US.NTES) - 121.73 USD (%) Tranzactioneaza

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Asia’s video game giants continue acquisition hunt to expand into new formats and markets


Asia’s biggest gaming firms — Sony, NetEase and Tencent — are continuing their acquisition and investment sprees as they look to push into new formats.&nbsp

Chinese giants Tencent and NetEase (US.NTES) are looking for growth overseas as the domestic gaming market slows down amid tighter regulation.

Sony and Tencent have invested in Elden Ring maker FromSoftware, and NetEase acquired French developer Quantic Dream, highlighting the flurry of deal making.

(US.SNE)


sony tencent netease continue deal hunt to expand new formats markets 2022

Gaming giant NetEase plunges nearly 7% after it delays release of Diablo Immortal in China

NetEase (US.NTES) shares fell nearly 7% in Hong Kong on Monday after it announced plans to delay the release of Diablo Immortal in China.&nbsp

The Chinese gaming giant said it will postpone the original June 23 release of the hotly-anticipated game but did not give a new launch date. Diablo Immortal, a mobile and PC game, was co-developed by NetEase and Activision Blizzard (US.ATVI), the company Microsoft (US.MSFT) plans to buy.

The industry has faced intense scrutiny as part of a broader regulatory tightening on China’s domestic technology companies.

netease delays release of diablo immortal in china shares fall 2022

Gaming giant NetEase (US.NTES) plunges nearly 7% after it delays release of Diablo Immortal in China


NetEase shares fell nearly 7% in Hong Kong on Monday after it announced plans to delay the release of Diablo Immortal in China. The Chinese gaming giant said it will postpone the original June 23 release of the hotly-anticipated game but did not give a new launch date. Diablo Immortal, a mobile and PC game, was co-developed by NetEase and Activision Blizzard, the company Microsoft plans to buy. Diablo is one of Blizzard’s most popular franchises and China is one of the world’s largest gaming markets. The delay will be a setback for NetEase which saw a slowdown in revenue growth in the first quarter of the year.


netease delays release of diablo immortal in china shares fall 2022