Tencent's Next Big Gaming Bets Draw On Viral Phenom 'Palworld' [Financial Post (Toronto, Ontario, Canada)]
NetEase, Inc. - American Depositary Shares, each representing 5 ordinary shares (NTES)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Tencent Holdings Ltd.'s two most accomplished creative studios are making mobile games in the style of this year's biggest viral hit, Palworld, in hopes of rebooting the company's core business. The teams at Timi and Lightspeed are both building games in the style of genre-blender Palworld, replete with pet companions and stylized violence, according to people familiar with the matter. The studios operate autonomously, but both seem to have landed on that new formula to seek out another Honor of Kings that can power Tencent's next wave of growth. Article content Article content Tencent is betting on the China release of Nexon Co.'s Dungeon & Fighter Mobile in coming months to fire up growth in the near term. But developing in-house hits is generally more profitable than adapting external content and could drive a flagging business that reported
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NTES
Earnings
- 2/29/24 - Miss
NTES
Sec Filings
- 4/26/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/25/24 - Form 20-F
- NTES's page on the SEC website