Tencent left out as China approves the release of 80 new video games

Chinese internet giant Tencent has been excluded from the first batch of video game license approvals issued by the state-run government since March. China regulators approved Saturday the released of 80 online video games after a months-long freeze, Reuters first reported. None of the approved titles listed on the approval list were from Tencent Holdings, the […]

Caterina Fake is known for her trend-spotting; here’s some of what she’s chasing now

Roughly a year ago, entrepreneurs Caterina Fake and Jyri Engeström decided to form a traditional venture outfit called Yes VC. Fast forward, and the duo has nearly closed on $50 million for their debut fund, including backing from Supercell founder Ilkka Paananen, former Etsy CEO Chad Dickerson and the family office of Nokia Chairman Risto […]

Tencent confirms deal to buy majority stake in Supercell from SoftBank for $8.6B

It is finally confirmed: Tencent has announced that it has acquired a majority ownership of Supercell, the massively profitable Finnish firm behind hit game Clash Of Clans, for around $8.6 billion. Tencent has been rumored to be close to a deal to buy the shares from SoftBank for the past month or so, and today it […]