![]() ![]() (Extra Crunch is our membership program, which helps founders and startup teams get ahead. Is Substack really worth $650M? - More thoughts on Substack's finances. The Tonal EC-1 - Remember our deep dives into the history, businesses and growth of Patreon, Niantic, Roblox, Kobalt and Unity? We're bringing the format back with an in-depth, multi-part look at fitness startup Tonal. NFT art marketplace SuperRare closes $9M Series A - SuperRare launched its art platform in 2018, since then it has differentiated by maintaining a closed early access platform, closely curating the art that's sold. Substack confirms $65M raise, promises to ‘rapidly’ expand its financial backing of newly independent writers - Substack did not provide material new growth metrics, instead saying that it has “more than half a million people” paying for writers on its network. ![]() PayPal’s new feature allows US consumers to check out using cryptocurrency - The feature expands on PayPal’s current investments in the cryptocurrency market.Ĭelebrity video request site Cameo reaches unicorn status with $100M raise - Cameo has been building a good deal of steam in recent years, but it also got a major boost amidst the pandemic. YouTube tests hiding dislike counts on videos - The company says it will run a “small experiment” with different designs that hide dislike counts, but not the "dislike" button itself.īallot counting for Amazon’s historic union vote starts today - Amazon's warehouse in Bessemer, Alabama has become ground zero for one of the most import labor efforts in modern American history. Most recently in March, product listings by multiple top sellers of imported console games vanished from Alibaba's Taobao marketplace.The trial is starting out in a number of geographies, including the United States - but not in Europe, where there are concerns about compliance with Europe's GDPR privacy regulations. ![]() But these grey markets, both online and offline, are susceptible to ongoing clampdown. Nintendo Switch distributes in China through a partnership with Tencent sealed in 2019.Ĭhinese console players often resort to grey markets for foreign editions because the list of Chinese titles approved by local authorities is tiny compared to what's available outside the country. Sony's PlayStation 5 just hit the shelves in China in late April. Xbox's latest Series X and Series S are to debut in China imminently, though the launch doesn't appear to be linked to the Tencent deal. Oasis is played via a virtual reality headset. There are clues in a recruitment notice posted recently by a TiMi employee: The unit is hiring developers for an upcoming AAA title that is benchmarked against the Oasis, a massively multiplayer online game that evolves into a virtual society in the fiction and film Ready Player One. TiMi operates a branch in Los Angeles and said in January 2020 that it planned to "triple" its headcount in North America, adding that building high-budget, high-quality AAA mobile games was core to its global strategy. TiMi has been trying to strengthen its own brand and distinguish itself from other Tencent gaming clusters, such as its internal rival LightSpeed & Quantum Studio, which is known for PUBG Mobile.Ħ investors on 2021’s mobile gaming trends and opportunities The partnership could help TiMi build a name globally by converting its mobile titles into console plays for Microsoft's Xbox. In all, TiMi pocketed $10 billion in revenue last year, according to a report from Reuters citing people with knowledge. In 2020, Honor of Kings alone generated close to $2.5 billion in player spending, according to market research company SensorTower. The succinct announcement did not mention whether the tie-up is for content development or Xbox's console distribution in China, but said more details will be unveiled for the "deep partnership" by the end of this year.Įstablished in 2008 within Tencent, TiMi is behind popular mobile titles such as Honor of Kings and Call of Duty Mobile. TiMi Studios, one of the world's most lucrative game makers and part of Tencent's gargantuan digital entertainment empire, said Thursday that it has struck a strategic partnership with Xbox.
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