China suspends Tencent from updating or releasing apps
The reason behind the halt on Tencent's app business is currently unknown.
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The reason behind the halt on Tencent's app business is currently unknown.
Playtonic states it will remain full creative control over its IP and scale up to a multiple team studio with Tencent's investment.
Tencent's previous quarter showed its weakest revenue growth since the company went public in 2004, with revenue climbing 13 percent.
The avian archer Pokemon Decidueye is set to make an appearance in Pokemon Unite soon.
TiMi Studio quietly slipped Sylveon into the Pokemon Unite roster along with some holowear and a matching trainer outfit.
China's latest crackdown on games includes targeting content that supports 'money worship' and 'effeminacy' and includes facial recognition for enforcement.
Both companies saw significant dips coming into Monday's market as China's government passed major restrictions on allowable game time.
Tencent's Q2 2021 earnings featured major wins, but government regulations threaten to curb its success in further quarters.
The gaming giant took a hit after the Economic Information Daily also called games "electronic drugs".
The group that presides over Sumo Digital and around 14 total studios will soon become part of the Tencent empire.