Video games

Platform News: Discord

Chat app Discord raises $500 million in new funding

Chat platform Discord has raised $500 million in a new funding round led by investment firm Dragoneer Investment Group, a company spokesperson said on Wednesday.

Football games on console China

China’s tech crackdown continues with curbs on online gaming for kids

China has forbidden under-18s from playing video games for more than three hours a week, a stringent social intervention that it said was needed to pull the plug on a growing addic...

Tencent WeChat

Tencent will inspect WeChat’s ‘youth mode’ after prosecutors initiate lawsuit

Tencent said it would investigate the functions of its popular social messaging app WeChat’s “youth mode”, after Beijing prosecutors initiated a civil public-inte...

Platform News: GameStop

GameStop lures Amazon talent with grand plans and no frills

GameStop’s Chairman Ryan Cohen made a point of doing away with corporate excess such as a company plane and used the allure of rebuilding the videogame retailer to recruit Am...

Roblox

Gaming site Roblox valued at $30 billion, plans direct listing

Roblox Corp has said it aims to go public via a direct record, rather than an initial public offering (IPO) as originally intended, and has raised new funding at a deal that values...

Roblox

Kids gaming platform Roblox faces hurdles ahead of public listing

Profanities and other offensive content that basic word-filtering tools are made to catch can be discovered in certain game titles and user profiles on children’s gaming syst...

Platform News: Wall Street in New York

How Wall Street folk calmed their election nerves

As US election results started trickling in late Tuesday evening, hedge fund manager Eric Jackson stress-ate a lot of his kids’ Halloween candy that he felt compelled to buy ...

Platform Industry: Tencent logo at an event

WeChat’s US ban worries to cloud Tencent results as investors seek clarity

Tencent will be under pressure to deal with concerns on the impact of a US-wide ban on WeChat-related trades and outline its plans to mitigate any fallout as it reports second-quar...

Platform News: Gaming industry and popular games platforms

Take-Two raises its sales forecast

Take-Two Interactive Software Inc on Monday increased its financial year adjusted sales prediction after beating quarterly estimates on demand because of its video game franchises&...