Tencent’s QQ Speed tops the charts

QQ Speed is one of Tencent’s most popular franchises on PC, and now the game has instantly become one of the most popular for mobile. Tencent’s mobile version of the racing game launched on December 27, 2017 and achieved 10 million daily active users on its first day. On January 4, 2018 it achieved 20 million DAU and topped the iOS download chart in China. The game is also #2 on the iOS top grossing chart behind Honor of Kings. QQ Speed launched on PC in 2008, mobile in 2017 and Tencent announced intent to expand on the IP soon with a movie.


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HTC announces new Vive Pro headset

At CES 2018, HTC unveiled the latest successor to its Vive VR headset, the Vive Pro. The HTC Vive Pro has a higher resolution screen thanks to the dual OLED displays with a combined 2880×1600 resolution. The new headset also comes with integrated audio and dual microphones. The headset has been redesigned to be lighter and more comfortable than the original HTC Vive. There is no release window or price yet but the company has confirmed that original Vive owners can upgrade to the HMD on its own and that a full package will be available later for new buyers.


Facebook partners with Xiaomi to bring Oculus to China

Facebook has announced that it will partner with Chinese smartphone manufacturer Xiaomi to manufacture the new Oculus Go headset that was originally announced in October 2017. Xiaomi will utilise Oculus technology to manufacture a China exclusive version of the headset under the Mi VR brand. This deal effectively allows Oculus to enter the China market which is currently dominated by Oculus’s competitors such as HTC and Pimax. Facebook finally made it to China :).


Tencent market cap reaches all-time high in 2018

Tencent, China’s largest internet company, closed Monday with a market cap of $539 million, its highest yet. Tencent was the most actively traded stock in Hong Kong on Tuesday, with 24.5 million shares changing hands, worth $1.3 billion. Investors are expecting another year of growth for the company on the back of its strong gaming, social and advertising divisions.


Longzhu Gaming esports team sold to Chinese company Kingzone

Longzhu TV, the parent company of Longzhu Gaming, has had to sell the team after finding itself in violation of Riot Games rules for having multiple teams in major regional leagues after two teams that it owned qualified for the League of Legends Pro League Summer Split. Longzhu gaming has now been sold to Chinese company Kingzone and rebranded as Kingzone Dragon X.