Bruh... The Chinese came for the gaming industry in the early 2010s. Tencent is the largest video game vendor in the world.

Founder

The Chinese coming for the video gaming industry was not in my wild card

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Black myth

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- A Chinese-made game, Black Myth: Wukong, backed by Tencent, became the fourth most popular title on Steam within hours of its launch.
- The game garnered over 2.1 million concurrent players, surpassing titles like Cyberpunk 2077 and Elden Ring, according to SteamDB.
- Wukong's success may boost China's $40 billion-plus gaming industry, which has faced regulatory scrutiny in recent years.
- Developed by Game Science, Wukong is China's most significant PC game launch, attracting massive attention and trending on Weibo.
- The game's success highlights China's capability to develop AAA games that can compete globally, with positive reviews from major Chinese and global review sites. 

 Source: [Bloomberg](https://www.bloomberg.com/news/articles/2024-08-20/black-myth-wukong-makes-gaming-history-in-launch-day-frenzy)

Black Myth: Wukong, a Chinese-made, Tencent-backed game, became Steam's most popular title ever within hours of its launch, hitting 1.8M+ concurrent players

Journalist

What further proof does one need that this developer has made it.
Overwhelmingly positive after 427k reviews, legends.

Black Myth Wukong is 10/10 on steam user ratings

Product Manager

Saw the first 30 minutes of the Black Myth Wukong walkthrough and omg, this games seems to be a 10/10. I don't think I have seen a beginning to a game as legendary as this one

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Black Myth Wukong seems to be 11/10

The Chinese have killed it at gaming too. What are we doing

Software Engineer

- Popular Chinese card game 'guandan' becomes staple of business meetings and banquets
- Game seen as healthier alternative to boozy dinners, with potential economic benefits
- Beijing Youth Daily criticizes guandan as 'poisonous' and promoting corruption
- Reports emerge of civil servants being banned from hosting guandan games
- Supporters defend game's benefits, urging critics to address root causes of societal issues 

 Source: [Economist ](https://www.economist.com/china/2024/08/22/millions-of-chinese-people-play-guandan-is-that-good-or-bad)

Guandan Card Game Sparks Controversy in Chinese Business Culture

Indian Gaming scene is pure shit. 💩 
Everyone is stuck in PUBG. No proper culture as well.

Neither a proper game has been launched from India. 
 No one is interested in this industry at all?

Gaming.

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Gaming industry is fucked big time

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What is your opinion Animation industry in India?

Anyone who has followed Studio Ghibli here ?

Who all bought the game? What do you guys think of the gameplay?

Black myth wukong

Software Developer

What the post says. Albeit my sincere condolences to those laid off! The ruling is really unfortunate for many who joined the Real Money gaming space in india but this was also inevitable. I know people who have tried to get out of the Indian RMG space because they didn’t like the ethics of it or saw it’s impending doom, with all the uncertainty around the legality.

The reason I’m for it is because it ruined the beginnings of the Indian gaming industry. Indian gaming companies only focused on learning the skills to build stronger hardcore gambling games. Some companies had the opportunity to diversify into using the money to make mistakes and learn to make great games. Maybe hire outside talent to learn better and bring the disciple of Game Design to India. But the majority have failed to do so. I hope this delivers significant pressure to the few that survive to try harder at understanding the gaming landscape and attempt to make games they themselves would play. (The majority of game teams in in Indian gaming companies, do not play / enjoy their own game - Read “Don’t eat their own dog food” cliche)

Right now, the Indian gaming ecosystem is like if Hollywood was run by product managers instead of good writers. They just study what “works” and do more of that, missing the point of artistic exploration and concepts of novelty, story-telling and fun. (That is happening in a way, given the direction of constant re-boots of old movies - lead by a very Product MBA mindset with only 2-3 orders of thinking) - incapable of deconstructing “fun” itself (even though some people claim to be able to))

A bit of a jumble of thoughts but just wanted to get that thought out.

Confession Bear : India Gov killed Real Money Gaming and I’m for it

VC funding based on revenue multiples and profit (😂😂😂) multiples is soon going to be obsolete. 

Common sense says company's valuation should be summation of yearly profits it can generate till the company exists... 

So if reliance has profit of 8 billion $ , market estimates that it's valuation should be around 25x multiple of its profit that is to say that if reliance keeps on generating same amount of profit for year on year, it will not exist after 25 years.

Now tell me, what shelf live does these VC funded startup have?

I honestly don't see all these tom dick and Harry mobile based and web based startups existing by end of this decade thanks to AI revolution.

People are still oblivion to what AI will do to white collar jobs 



Just out of curiosity, is there any single VC funded Indian startup in last 10-15 years which is immensely profitable ? 

Or for that matter any global giants like Amazon, Uber, Airbnb etc. which has turned profitable in Indian territory?

Future of VC funded mobile and web based startups

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Seeking game recommendations for both PC and mobile platforms. What are your top picks?

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I thought Chingari was doing soft porn types videos? They are entering Web3 Gaming??

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Folks at Dream 11, Games24×7, Junglee, etc how's the environment in the office? Have there been any updates from the leadership regarding the direction they'd be taking? 
As of now, here at Gameskraft it's an elephant in the room with everybody in denial, talking about how we can still survive and no updates from leadership yet.

Thoughts on 28% GST for online gaming?

I’m from a esports gaming company. Spoke to my CEO regarding this today morning.  
  
 This move is completely short sighted and reinforces how bad policymakers are in our country. This might kill small companies in the short/medium term altogether.  
  
 Gaming companies based out of India that were looking to raise funding will have the hardest time doing so going forward. 28% GST + income tax on the company end. ₹100 deposited directly being reduced ₹72 in your account. The government ends up earning almost 50% from players AND the company.  
  
 I’m seeing boomers applaud this move as they want the new generation to “focus more on less time wasting activities”, but they don’t know anything about the numbers of the gaming industry outside of India. Indian esports and gaming is just at the beginning of its rise. This move sets it back in terms of investment and revenue heavily.  
  
 Luckily, we’ll have an entity setup in the UAE soon, and that entity will in a few months become the holding entity, with the Indian entity being a subsidiary. Many more companies will do this, and the government will see how this increase in taxes backfires because companies will just create holding entities outside of India :)

Black myth

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