![]() Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Unity didn’t respond to a request for comments about the reported hiring plan. In an interview with Chinese tech media site 36kr last month, Zhang, Unity’s China head, said the company plans to hire about 1,000 software engineers in China over the next few years. While this represents much slower growth than 2020, China’s gaming revenue still accounted for more than a fifth of the global market, based on recent estimates by global accounting firm PwC. ![]() In 2021, China’s gaming industry generated a total revenue of nearly $47 billion, up 6.4% from the previous year. (Photo by Jiang Qiming/China News Service via Getty Images) Jiang Qiming/China News Service/Getty ImagesĬhina tells Tencent and Netease to focus less on profit as gaming crackdown expands (CHL), ByteDance’s Douyin Group, smartphone company Oppo, miHoYo, Xiamen-based online game developer G-Bits Network Technology, and PCI Technology, an AI technology service provider.īEIJING, CHINA - SEPTEMBER 03: Visitors play 'Arena of Valor', a multiplayer online battle arena (MOBA) game developed for mobile, at the booth of Tencent during the 2021 China International Fair for Trade in Services (CIFTIS) at Shougang Park on Septemin Beijing, China. ![]() The local partners it plans to work with include major players in China’s tech industry: Alibaba A crackdown by Beijing on leading internet brands has hurt growth, and rising tension with the United States over Taiwan and other geopolitical issues is fueling a technological arms race. (TCEHY)’s Honor of Kings and miHoYo’s Genshin Impact.īut the American company’s expansion in China comes at an uncertain time for the world’s second largest economy. The San Francisco-based company first entered China in 2012 and has powered many of the country’s most popular games with its software tools, including Tencent 'Uninvestable' China could make a comeback (Photo by VCG/VCG via Getty Images) VCG/Getty Images SHENYANG, CHINA - APRIL 18: Shared electric bicycles of Qingju, the bike-sharing unit of Chinese ride-hailing giant Didi Chuxing, are seen at a parking lot on Apin Shenyang, Liaoning Province of China.
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