Tencent

4 08, 2017

Niko News: Tencent’s PC Games Revenue is Larger than Reports Reflect

2017-08-04T05:23:53+00:00 August 4th, 2017|Categories: Conferences, eSports, Niko News, Singapore, Southeast Asia, Tencent|

Tencent’s PC Games Revenue is Larger than Reports Reflect According to Tencent’s Q1 2017 financial release dated 17 May 2017, total online games revenue in the first quarter was 22,800 million RMB ($3,360 million). That’s $3 billion in one quarter alone, just from online games! The financial report says that PC client-based games revenue was 14,100 [...]

31 07, 2017

Tencent’s PC Games Revenue is Larger than Reports Reflect

2017-07-31T21:25:50+00:00 July 31st, 2017|Categories: China, PC Games, Tencent|

According to Tencent’s Q1 2017 financial release dated 17 May 2017, total online games revenue in the first quarter was 22,800 million RMB ($3,360 million). That’s $3 billion in one quarter alone, just from online games! The financial report says that PC client-based games revenue was 14,100 million RMB ($2,070 million) and mobile games revenue was [...]

3 07, 2017

Niko News: Apple Removes Nearly 60k Chinese Apps

2017-08-04T05:19:23+00:00 July 3rd, 2017|Categories: Apple, Niko News, Tencent|

Apple Removes Nearly 60k Chinese Apps from the App Store Between June 10th and June 21st, Apple removed around 58,000 Chinese apps from the App Store. About a third of the games were gaming apps. It has been noted that Apple routinely removes apps every 2-3 months, however, this was a larger mass removal than previous [...]

24 06, 2017

Niko News: Tencent’s 5-Year Esports Plan

2017-07-03T12:30:39+00:00 June 24th, 2017|Categories: Niko News, Philippines, Tencent, Valve|

Tencent's 5-Year Esports Plan Tencent has unveiled their 5-year esports plan for the Chinese market as of last week. The plan revolves around more esports leagues, tournaments, esports associations, and esports-themed industrial parks tentatively with stadiums and training facilities. Their expectation is that China will become the biggest esports market in the world. Niko views esports [...]

8 05, 2017

Niko News: Overwatch Passes 30 Million Players

2017-05-12T07:02:57+00:00 May 8th, 2017|Categories: Blizzard, China, Conferences, Niko News, Tencent|

Overwatch Passes 30 Million Players Blizzard Entertainment announced this week that Overwatch, its team-based shooter, has passed 30 million players since its launch a year ago. They recently announced hitting the 25 million mark in January. There is no clear delineation on what percentage of these players are on PC or Xbox One or PlayStation 4. [...]

26 04, 2017

Honor of Kings dominates mobile esports in China

2017-04-26T13:37:41+00:00 April 26th, 2017|Categories: China, eSports, Mobile Games, Tencent|Tags: , , , |

Tencent has launched its biggest esports competition for Honor of Kings in 2017, the King Pro League. The 2017 season follows in the footsteps of the 2016 season which was watched by more than 70 million people. Tencent is aiming to build a better esports ecosystem allowing for more teams, more players, increased marketing, celebrity hosts [...]

24 04, 2017

Niko News: 2022 Asian Games Adds Esports

2017-05-12T07:32:54+00:00 April 24th, 2017|Categories: eSports, Singapore, Tencent|

2022 Asian Games Adds Esports Esports will now be an official medal sport in the 2022 Asian Games in Hangzhou, China. The Olympic Council of Asia has also been working with Alisports to include esports in the Asian Indoor and Martial Arts Games in Turkemnistan and in the 18th Asian Games in Indonesia next year, but [...]

17 04, 2017

Niko News: Alibaba’s Sports Business Raises Over $1 Billion in Funding

2017-05-12T07:20:20+00:00 April 17th, 2017|Categories: Alibaba, AR/VR, Niko News, Tencent|

Alibaba's Sports Business Raises Over $1 Billion RMB in Series A Funding Alibaba Sports has confirmed that they have raised RMB 1.2 billion (approximately $17 million USD) at a valuation of RMB 7 billion ($100 million USD). The funding round is being led by Yunfeng Capital and will also include Taiping Guofa Dingsheng Capital and Qianheng [...]

13 04, 2017

Tencent Maintains Global Gaming Dominance Thanks to League of Legends & Honor of Kings

2017-04-13T11:06:06+00:00 April 13th, 2017|Categories: China, Niko Analysis, Tencent|Tags: , , , |

Tencent had a record year in 2016 as it saw game revenues increase 25% YoY to 70,844 million RMB / $10.2 billion USD. This makes Tencent the world’s largest games company for the fourth year in a row and it’s worth bearing in mind that the $10.2 billion number doesn’t include revenues generated by Supercell who [...]

7 04, 2017

Niko News: China Opens 7 More Free Trade Zones

2017-04-07T06:56:16+00:00 April 7th, 2017|Categories: Alibaba, China, Tencent|

China Celebrates Annual Qingming Festival The Qingming (or Ching Ming) Festival, also known as Tomb-Sweeping Day, is a traditional Chinese festival on the first day of the fifth solar term of the traditional Chinese calendar. This year it took place on April 4th and the holiday was officially reinstated in China 9 years ago. People celebrate [...]