NetEase and Tencent shut down Japanese studio Ouka Studios, scaling back gaming market investments.

Chinese tech giants NetEase and Tencent have reportedly shut down Ouka Studios, the developer of "Visions of Mana," following a decision to scale back investments in the Japanese gaming market. As a result, Ouka Studios, which was founded in 2020, is set to close, with the majority of its staff laid off and only a few remaining to oversee the launch of its final games. The decision comes as both companies focus more on game development in China.

August 30, 2024
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