NetEase raises fears it is unloading its overseas game properties, hurting U.S. gaming
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Summary
Chinese gaming company, NetEase has raised fears amidst reports that it is selling all of its overseas holdings amid fears of rising costs.
This comes at a time that China is retaliating against Donald Trump’s tariffs, which is causing global tremors in the gaming industry that could hurt US game companies in particular.
NetEase has denied such reports.
Insiders have suggested that the recent sacking of Seattle’s Marvel Rivals team was just the tip of the iceberg.
High development costs and the maturation of Chinese game developers have lead to a lack of will to make games using overseas staff.
Insiders have said that everything that Zhu, who led investments, has touched is due to be unwound.