Tencent Music Entertainment Group

Tencent’s Riot Games division cuts 11% of staff to ‘create focus’

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Ma ”Pony” Huateng, chairman and chief executive officer of Tencent Holdings Ltd., speaks during the Guangdong-Hong Kong-Macao Greater Bay Area Forum in Hong Kong, China, on Tuesday, June 20, 2017. In an unusual move, Ma has chosen to convene a summit of government academics and business chieftains in Hong Kong days before the 20th anniversary … Read more

Public gaming companies sit on $45 billion cash hoard, Konvoy says

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Gamers play the video game “Star Wars Battlefront II” during the “Paris Games Week” on Oct. 31, 2017. Chesno Publicly listed gaming companies are sitting on a $45 billion pile of cash and cash equivalents — and that could lead to greater consolidation in the $188 billion video games market, according to a new report … Read more