Chinese tech giant records first-ever revenue decline

Tencent has faced a number of headwinds in 2022, including a Covid-induced slowdown in the Chinese economy and a more difficult gaming market. Bobby Yip | Reuters Tencent posted its first-ever quarter-over-year revenue decline as tougher gaming regulations in China and a resurgence of Covid-19 in the world’s second-largest economy hit the tech giant. Here’s … Read more

Sony May Release PC Games Launcher, Spider-Man Files Reveal

Photo: Joe Buglewicz (Getty Images) With his recent high profile PC releases of previously exclusive games Like it god of war and Horizon Zero Dawn, Sony seems to be making a shift to market its video game business as a hybrid console PC company. utilitiesnew datamined files referring to a PlayStation PC game launcher could … Read more

Amazon raises merchant fulfillment fees for the holiday season

Packages from Amazon.com Inc. standing in front of a FedEx Corp. van. in New York City. Christopher Lee | Bloomberg | Getty Images In its latest effort to combat rising inflation, Amazon plans to increase fulfillment fees over the holiday season, passing some of the higher costs on to the millions of merchants who rely … Read more

Taliban Failures Accelerate Afghan Brain Drain, Battering An Already Crippled Economy (Part I)

The mass exodus sparked by the Taliban takeover in August 2021 forced Afghanistan’s new rulers to call on Afghans to stay and help rebuild the country. But after a year of Taliban rule, the economy is in tatters, confidence is shattered, and Afghanistan’s best and brightest are not returning — they are fleeing en masse. … Read more

SoftBank Vision Fund Posts Quarterly Loss of $21.6 Billion

SoftBank’s Vision Fund, the brainchild of company founder Masayoshi Son, has faced a number of headwinds, including a collapse in technology stocks due to rising interest rates, a difficult Chinese market and geopolitics. Kentaro Takahash | Bloomberg | Getty Images SoftBank posted one of its biggest losses at its Vision Fund investment unit for the … Read more

GamePass vs. The new PS Plus, the comparison we had to make

Image: Sony / Microsoft / Kotaku Two months ago, Sony reinvented PS Plus, the old membership program for PlayStation owners. Now it’s very much like Microsoft’s Game Pass: for about the same money, both offer access to a Netflix-esque games-on-demand library. Obviously, we had to stack the two services against each other. Price Game Pass … Read more

Indonesia’s PayPal, Yahoo bans cast cloud over tech hub dream | Technology

Jakarta, Indonesia – Indonesia’s temporary ban on major websites, including PayPal, has exposed the tough balancing act Jakarta faces as it aims to both tighten control over the internet and become Southeast Asia’s next tech hub. Indonesian President Joko “Jokowi” Widodo has listed digital infrastructure as a priority in his Making Indonesia 4.0 roadmap that … Read more

Elden Ring has racked up billions of YouTube views since launch

I am the Elden Lord, YouTube.Image: FromSoftware / YouTube / Kotaku we know how hot Elden Ring has become. Released on February 25, FromSoftware’s latest Soulslike has shipped some 13.4 million copies to date, making it more successful than Sledgehammer Games disappointment Call of Duty: Vanguard from last year, a franchise often known for dominating … Read more

Game Pass loses one of its best games, gets the worst from Ubisoft

Image: Kitfox / Ubisoft On the one hand, Game Pass loses a lovingly crafted dungeon crawler that says things about the existence of modern life. But then again, at least it gets one of the most callous Ubisoft card games in recent history (I’ll give you a guess). Here’s what’s coming to Microsoft’s games-on-demand service … Read more

shares crater over ‘recession fear’

A video sign displays the logo for Roku Inc, a Fox-backed video streaming company, in Times Square following the company’s IPO on the Nasdaq Market in New York, Sept. 28, 2017. Brendan McDermid | Reuters Roku shares plunged more than 25% in extended trading on Thursday after the company missed expectations on the top and … Read more