Read this: Video | Can ByteDance replicate Tencent’s blueprint for success in gaming? Xingsheng Youxuan, a Changsha-based community group-buying platform, is the only company that received two rounds of investment from Tencent in the first three months of 2021, says the Qichacha report.
Bilibili hk960m network taptap android#
Long video streaming platform Bilibili, meanwhile, is betting on XD Network, which owns the Android game distribution platform TapTap, where Genshin Impact was released last year. There are major momentum shifts happening in mobile games distribution around the world: Apple vs Epic, app store fee reductions, Genshin Impact bypassing major Chinese app stores at launch, etc. TikTok owner ByteDance acquired two studios in a month, one of which-Moonton-is the biggest multiplayer battle arena game developer in Southeast Asia. Around 30% of its targets were game developers, suggesting that Tencent invested into a game company every three days in Q1.ĭeals in the sector have made headlines in the past few months, as Chinese internet companies are forming alliances to challenge Tencent’s dominance in the gaming space. n xem REALME LEAGUE: realme X PUBG MOBILE SEA GRAND FINAL t ngy 24 n ngy 26 thng vo l c 3:30 chiu min ph qua Bilibili Ch cn ti ng dng Bilibili t Google Play hoc App Store l bn c th thng thc trn vn gii u. This article is part of KrASIA’s “ Key Stat” series, where KrASIA picks and presents the most significant figures of the day’s technology and business world.Tencent Investment was the most active Chinese venture capital firm in the first quarter with 103 deals internationally, spending more than RMB 60 billion (USD 9.2 billion), according to the Qichacha data aggregator.
Read this: Huawei’s spat with Tencent over revenue sharing highlights tensions in game distribution In Q4 2020, gaming revenue accounted for 30% of its total income. In all, 219.9 million games were downloaded, up 26.4%, said the company’s earnings report.īest known for its anime, comic, and gaming video community, Bilibili has moved deeper into the sector in the last several years by adding livestreaming, e-sports, and mobile games. Bilibili strategic investment heart network: anchor TapTap, throw HK 960 million 2 08:29 41 9.6 2400. In the first half of 2020, the TapTap mobile app counted 24.8 million monthly average users, a 51.9% year-on-year growth. Last year, the global sensation Genshin Impact was released on TapTap domestically. But the phone makers are insisting on a 50-50 revenue-sharing model, much to the dismay of publishers. It also runs the community and review site TapTap, which has become a popular game distribution channel in recent years as it takes no revenue cut from publishers.Īs China’s game companies are restricted from accessing Google Play due to US sanctions, they depend on local Android stores controlled by Huawei, Xiaomi, and Oppo.
Founded in 2002, the firm has 35 online and 11 premium games in its portfolio. The companies did not offer many details about the deal. Bilibili will purchase 22,660,000 shares of X.D.’s common stock. network break out of its niche by reaching a broader audience on its platform. Networks game fans to its video streaming rooms, while Bilibili can help X.D. Network, which runs the popular game distribution platform TapTap. Network, which runs Chinese game distribution platform TapTap mobile games accounted for 40 of Bilibilis 2020 revenues. Network presents a win-win situation Bilibili can promote its games through TapTaps distribution channels and attract X.D. XD’s Hong Kong-listed shares surged 21% on Thursday afternoon. Bilibili, one of the main video-streaming platforms for the youth of China, recently announced the company has agreed to invest 123 million into X.D. Video streaming platform Bilibili (NASDAQ: BILI HKEX: 9626) has acquired a 4.4% stake in game developer XD Network ( HKEX: 2400) for HKD 960 million (USD 124 million), according to a filing posted on Thursday.
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