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China's Ministry of Culture and Tourism is reportedly preparing to launch new regulations on online card games and has required all PC client and mobile app platforms to immediately cease offering downloads of poker games. Read More
Korean game developer WeMade announced during a recent earnings conference that the company is in talks with Chinese internet and mobile services firm Tencent (0700.HK) regarding termination of a contract signed between the two companies in June 2013 licensing WeMade's mobile fighting game Moon Wolf to Tencent for operation in China. Read More
According to industry sources, Fuzhou-based online game developer and operator SkyUnion will spin off its overseas market-focused mobile and online game publishing and development subsidiary IGG for an IPO as early as the end of September. Read More
Chinese social networking site 360quan has reportedly laid off its entire staff and has already notified its employees, according to an industry source. Read More
Fuzhou-based SkyUnion Digital, which develops and operates massively multiplayer online role-playing games (MMORPG), received a second round of funding worth USD 10 mln from IDGVC this month. Read More