Tencent to close Steam-like mobile game portal as market prospects dim under tight regulation
@BarbaraWillard:
The mobile version of WeGame, the video game portal that was Tencent Holdings' answer to Steam, will cease operations in two months, in a fresh sign that business prospects in the world's largest gaming market have become bleaker under Beijing's tightened scrutiny.The WeGame app, as well as its in-app version on Tencent's super app WeChat, will stop its service starting from September 8 because of "changes in business development strategy", the app's operation team said in a notice issued on Tuesday.WeGame stopped accepting new user registrations on Tuesday, and people will no longer be able to download the app from July 15, according to the notice.Do you have questions about the biggest topics and trends from around the world? Get the answers withSCMP Knowledge, our new platform of curate