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August 23 - According to foreign media reports, the US Navy is testing a new air-to-air missile capable of striking targets more than 290 miles (465 kilometers) away, significantly exceeding the range of other known similar weapons. The US Navy states that the AIM-424 "Malice" missile, developed by Raytheon, a subsidiary of RTX Corporation, is roughly the same size as the currently deployed AIM-120 "Advanced Medium-Range Air-to-Air Missile" (AMRAAM). This means the missile can be fitted into the internal weapons bays of F-35 and F-22 stealth fighters. Peter Layton, a former Royal Australian Air Force officer and visiting scholar at the Griffith Asia Institute, stated that while missiles with this range could be used to strike high-value aerial targets such as command aircraft or refueling aircraft, they may be even more valuable for defending ships.On August 23, Iranian Oil Minister Mahmoud Ahmadinejad announced the discovery of a large natural gas field in southern Fars province. The field has proven reserves of over 7.5 trillion cubic feet (TCF), and with an estimated recovery rate of over 72%, approximately 5.7 trillion cubic feet are recoverable. He stated that this natural gas possesses a unique characteristic known as "sweet gas," which reduces development and extraction costs. He also revealed that in addition to this natural gas, Iran has discovered substantial condensate oil reserves, which will bring the country billions of dollars in new wealth.On August 23, it was reported that Nagoya University and Fujifilm have collaborated to develop a novel lipid nanoparticle (LNP) that, for the first time, efficiently delivers capped circular RNA (Cap-cirRNA) into animals, exhibiting a 10-fold increase in activity and extremely low inflammation, opening a new door for next-generation long-acting mRNA therapies. The related paper was published in the latest issue of the journal *Cell Biomaterials*.On August 23, Iranian Foreign Minister Araqchi stated that Iran has never been afraid of US sanctions, and all its actions, whether blockades or military operations, have failed. This new tactic is also destined to fail. Trumps so-called "economic actions" are nothing more than a consistent bullying tactic of US policy. "In a sense, its like a movie weve seen countless times; we know how to deal with it," Araqchi said. He added that whether the US resorts to military action or reverts to its old tricks, it shows they have no other options. Faced with the Iranian people, the US has no choice but to keep repeating the same plans. They should understand that there is no other way but to engage in respectful dialogue with the Iranian people and seek a solution based on justice and honor.August 23 - According to data from online platforms, as of now, the box office revenue (including pre-sales) for the 2026 summer movie season has exceeded 11.5 billion yuan.

China Gaming Businesses Toe the Line, Clearing the Door to Lift Licensing Freeze

Aria Thomas

Apr 13, 2022 09:36

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While the timing of the easing was unexpected, sources and experts noted that businesses had gone over themselves in response to harsh criticism from authorities for noncompliance.


"This time around, regulations are unquestionably the tightest they've ever been," said Chenyu Cui, senior analyst at research firm Omdia. "Every organization is terrified of falling out of compliance."


According to a source at a gaming studio in which Tencent Holdings (OTC:TCEHY) is a significant stakeholder, the company was asked by Tencent to remove English phrases from the game, avoid the color red, and eliminate terms like "headshots" or "death" in order to comply.


Additionally, the studio delayed the title's worldwide release out of concern that it would be seen as a violation of Chinese regulations, the person said, refusing to be identified because he is not authorized to talk to the media.


During a similar license block in 2018, several projects – notably Tencent's Bladed Fury and Iris – chose to release their games.


Autumn - elsewhere, while the home crisis is handled.


Tencent did not respond to a request for comment.


China's officials have also been diligent in enforcing compliance in an industry previously dubbed "spiritual opium" by state media.


According to two individuals, firms were still able to submit games for approval throughout the ban and got frequent feedback on necessary improvements to their content or monetisation features.


According to a document reviewed by Reuters, a state-backed gaming group held a developer training session in September during which it emphasized that games must promote "a right set of values" and cannot feature violent or religious aspects.


According to Daniel Ahmad, senior analyst at Niko Partners, over 5,000 gaming businesses have now been linked to the country's anti-addiction system, several firms have altered in-game material, and non-compliant firms have been investigated and penalised by the appropriate agencies.


"Concerns have been handled satisfactorily," he said.


Tencent, NetEase (NASDAQ:NTES), and over 200 other companies promised to self-regulate in September to tackle gaming addiction.

HIT ON THE ECONOMIC SIDE

While businesses were reorganizing, Beijing could no longer ignore the deteriorating economic consequences of the gambling crackdown.


According to business registration company Tianyancha, some 14,000 video gaming-related businesses — including those engaged in retailing, advertising, and publishing – closed during the licensing freeze.


Some highly anticipated projects, such as Lilith Games' Eden Apocalypse, have also been delayed. A spokesman said that this was due to a shift in the direction of the firm.


According to three gaming industry insiders, numerous projects have been put on hold due to pressure to reduce their size and budget.


Tencent, a large employer of recent grads, said during its earnings call that it will decrease its recruiting pace, and Reuters reported that it and its peers intend to slash employment.


"They're doing this to safeguard employment," one industry executive told Reuters, refusing to be identified because he was not authorized to talk to the media.


National Press and Public Administration, the gaming industry's regulator, did not reply to a request for comment.

OUTSIDE VIEWS

On Tuesday, Chinese gaming stocks jumped on the regulatory relief, with some analysts claiming it demonstrated the government's commitment to the industry.


However, several expressed caution, noting that just 45 games were permitted this time, compared to the 80 to 90 that are typically approved once a month prior to the freeze.


And the situation has shifted dramatically, pushing some to diversify or perhaps abandon the Chinese market entirely.


Small gaming companies in China are exploring a transition to blockchain gaming in the West, even if it means quitting the Chinese industry, according to Greg Pilarowski, head of legal firm Pillar Legal.


"The present climate in China is really difficult for gaming firms," Pilarowski said. "As a result, many people are curious about how they might become involved in blockchain gaming... because cryptocurrency and blockchain have been very successful for a large number of individuals in the United States."

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