Tencent’s ‘Game For Peace’ rakes in $70 million I Google eases off I Huawei to gain in Africa

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June 10, 2019 
“If this trade war persists, those lacking hardcore technology won’t have any good cards to play.”
Jin Lei, founder of Balance Medical Technology Co., one of the few companies registered on the new Shanghai tech board

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‘Game For Peace’ cashes in
What: The mobile battle royale title “Game For Peace” brought in $70 million from in-game purchases on iOS in the month of May.
Shifting titles: Tencent launched the title to take the place of “PUBG Mobile,” which it had been unable to monetize in China. The new version of the game retained “PUBG Mobile’s” core mechanisms but changed several details to comply with Chinese regulations and to win a license from the State Administration of Press and Publication.

Party’s over: According to a report from mobile app intelligence firm Sensor Tower, the two versions of the game generated a combined revenue of $146 million in May, a 126% month-over-month increase. This number is 26 times the estimated revenue of “PUBG Mobile” in May 2018. Liao Xuhua, an analyst from data consultancy Analysys, says the high revenue for “Game For Peace” was driven up by players who wanted to spend money on cosmetic items in “PUBG Mobile” but couldn’t. According to him, this isn’t likely to continue into June.

Top worldwide: The combined take of the two versions of “PUBG Mobile” made it the top-grossing game in May worldwide, beating by 17% Tencent’s mobile multiplayer online battle arena title “Honour of Kings,” which made $125 million last month on both iOS and Android stores outside of China.

– Tony Xu
Concentrated daily news
Google is pushing the Trump administration to exempt them from a ban that prevents US firms from doing business with Huawei, according to the Financial Times, which cites three unnamed sources. Google is concerned that if it cannot supply updates to its Android operating system (OS) on Huawei phones, the Chinese company will use its own OS, which it is currently developing. Google says the Android hybrid is likely to contain bugs, making it more vulnerable to hacks and threatening the security of millions of Huawei handsets in the US and worldwide.

The Chinese government summoned several global technology companies—including Microsoft, Samsung, and Dell—for talks last week, warning that complying with a US ban on selling American technology to Chinese firms may create further complications for all sector participants. British chip designer ARM was also called in by Chinese officials; the company halted supplies to Huawei last month. The talks followed last month’s US ban on selling technology and components to Chinese telecom giant Huawei. Chinese officials did not mention Huawei but asked these foreign companies not to make hasty or ill-considered moves before the situation was fully understood.

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Small drops to get smart on China's tech world
1 - Two-wheeled windfall
Thousands of ride-share bikes abandoned by Chinese companies have been bought and donated to underprivileged students in Myanmar. (TechCrunch)

2 - Monopoly slipping?
Google has reported that the Huawei ban may eventually hurt its nearly absolute Android monopoly. (ArsTechnica)

3 - Stocking up
Some see Shanghai’s new tech board as the best hedge against ongoing trade tensions. (Bloomberg)

4 - Plate misunderstanding
Interest in Tesla spiked after a social media post seemed to promise a license plate as part of the car financing package. (Bloomberg

5 - Offsetting losses
Huawei will strengthen its position in Africa as the US ban takes hold. (SCMP

6 - A greener gas
China’s largest hydrogen filling station has been completed in Shanghai. (Caixin)

7 - Loyalty test
A subtle branding shift from Lenovo is drawing some accusations from Chinese netizens of not being sufficiently patriotic. (SCMP)
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