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Three of China’s billionaire gaming executives have faced investigation, criminal conviction and death, adding to the tumult of the country’s gaming industry. Lin Qi, an executive producer for Netflix’s The Three-Body Problem, drew international attention when he died on Christmas from a suspected poisoning.
Samsung Electronics is to pay 3bil yuan (RM1.82bil) for a stake in Chinese automaker and rechargeable batteries firm BYD Co Ltd, the Chinese company said in a stock exchange filing on July 21.
A firm controlled by Alibaba founder Jack Ma and social media firm Tencent are set to invest a combined 2.8bil yuan (RM1.5bil) to raise their stakes in Huayi Brothers Media Corp, as China's tech giants push into entertainment.
Machine Zone Inc, the developer of popular mobile game Game of War: Fire Age, is in talks with JPMorgan Chase & Co to raise funding that could value the company at more than US$3bil (RM9.55bil), the Wall Street Journal reported, citing people familiar with the matter.
Apple Inc supplier Foxconn Technology Group will buy a stake in Taiwanese mobile telecoms operator Asia Pacific Telecom for T$11.6bil (RM1.23bil) in a deal that would expand its presence in Taiwan's fledgling 4G telecoms market.
Qualcomm's move could potentially give the struggling Japanese TV maker the backing of a big chipmaker.