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On August 13th, Sensor Towers store intelligence platform revealed that in July 2026, 38 Chinese companies were among the top 100 global mobile game publishers by revenue, generating a total of $2.3 billion, accounting for 42.6% of the total revenue of the top 100 global mobile game publishers. In July, the top 5 Chinese mobile game publishers all generated over $100 million in revenue, with Tencent, NetEase, and miHoYo achieving double-digit growth. miHoYos revenue saw a significant month-on-month increase of 71%, ranking among the top 30 publishers in terms of growth rate. Several other publishers, including Moonton Technology, XD Inc., and ModoGlobal, also saw significant revenue growth driven by summer content and events.Lenovo CEO: We are becoming a global leader in artificial intelligence infrastructure.Lenovo CEO: In partnership with NVIDIA (NVDA.O), plans are in place to launch an AI PC powered by an RTX chip later this year.On August 13th, it was learned from a press conference held by the Jinan Municipal Information Office that in the first half of the year, the added value of Jinans financial industry reached 77.53 billion yuan, a year-on-year increase of 14.7%, accounting for 11% of the citys GDP. As of the end of June, Jinans total social financing balance was 5.63 trillion yuan, a year-on-year increase of 8.6%; the balance of domestic and foreign currency deposits was 3.4 trillion yuan, a year-on-year increase of 5.8%; and the balance of domestic and foreign currency loans was 3.67 trillion yuan, a year-on-year increase of 8%.On August 13th, the Beijing Equity Exchange (BEEE) reported significant achievements in revitalizing existing assets and maximizing asset value by focusing on key areas and priorities for various business entities to revitalize their assets through a "platform + investment banking" transaction ecosystem. To better serve various business entities in revitalizing their existing assets, BEEE recently launched a "Prestigious Asset Revitalization Service Column." This column focuses on the efficient revitalization and value enhancement of existing assets, covering 14 areas including equity and debt transfers, real estate and land transfers and leases, and the disposal of machinery, equipment, and idle assets. Leveraging years of professional service capabilities and extensive experience, BEEE provides a one-stop, full-process service for existing asset revitalization, including advisory services, asset valuation, due diligence, promotion, transaction matching, and financial services. This significantly improves transaction efficiency, reduces transaction costs, and empowers the efficient revitalization of existing assets.

Microsoft Claims Its $69 Billion Activision Acquisition Will Benefit Gamers

Charlie Brooks

Dec 23, 2022 11:50

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Microsoft stated Thursday that its $69 billion offer to acquire "Call of Duty" developer Activision Blizzard (NASDAQ:ATVI) will benefit both gamers and gaming firms.


Microsoft (NASDAQ:MSFT) made the claim in a brief aimed at persuading a judge at the U.S. Federal Trade Commission to approve the acquisition, after FTC commissioners warned the merger would impede competition in the gaming sector in a complaint filed this month to prevent the agreement.


In a complaint filed on December 8, the FTC expressed worry that Activision's popular titles, such as "World of Warcraft" and "Diablo," could no longer be available on devices that compete with Microsoft's Xbox. A hearing before an administrative law judge has been scheduled for August 2023.


President of Microsoft Brad Smith stated in mid-December that the business has offered to sign a legally enforceable consent decree with the FTC to supply "Call of Duty" games to competitors such as Sony (NYSE:SONY) and others for a decade.


"A single game purchase by the third-place console maker cannot destabilize a highly competitive industry. This is especially true when the maker has made it obvious that the game will not be withheld "Microsoft stated in a filing on Thursday.


Smith stated in a statement released this week that he remained confident in the company's legal position, but remained "committed to finding solutions with regulators."


Bobby Kotick, the chief executive officer of Activision, said in a statement on Thursday that he expects the firms will succeed in their legal battle with the trade commission.


The Biden administration has adopted a more robust antitrust enforcement strategy. The U.S. Department of Justice recently blocked a $2.2 billion merger between the world's largest book publisher, Penguin Random House, and its smaller U.S. competitor, Simon & Schuster.


The Microsoft transaction is also under examination outside the United States, with the European Union stating that it will determine whether to allow or ban the deal by March 23, 2023.

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