For example, ByteDance acquired Moonton, known for its MOBA Mobile Legends, for $4 billion last month. Large companies continue to invest in and buy other studios, trying to diversify their businesses and increase their revenues. He also said that TapTap’s success helped games like Genshin Impact skip traditional Android distribution channels dominated by Tencent.īilibili’s latest move is another example of tough competition in the Chinese video games market. “TapTap is disrupting how games are distributed in China with its community-focused platform and 0% take rate fee on IAP,” Niko Partners senior analyst Daniel Ahmad commented. Money was transferred within seconds and I even got extra 10 the first time using this app. It helps developers release games outside of traditional distribution models and get rid of the high fees charged by other companies, like Xiaomi and Huawei. Taptap Send is a mind blowing experience for me because of its great exchange rate, fast service and secure transferring process. Network also publishes games but platform TapTap is its biggest product. However, the earnings from games fell drastically (compared to 71% ratio in 2018), so the company is now seeking new ways to drive revenues. It published a few titles for the Chinese market, which accounted for 40% of total revenue in 2020. The deal will help the Chinese giant to strengthen its position in the game market.Īlthough its video streaming platform remains its main business, Bilibili isn’t new to the video games industry. Network’s common stock, which will give it a 4.72% stake. According to TechCrunch, Bilibili will purchase 22.66 million shares of X.D.
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