Gaming giant NetEase plunges nearly 7% after it delays release of Diablo Immortal in China

Gaming giant NetEase plunges nearly 7% after it delays release of Diablo Immortal in China


The NetEase Games booth at the China Joy conference in Shanghai on July 30, 2021.

Arjun Kharpal | CNBC

On China’s Twitter-like service Weibo, the official account of Diablo Immortal is banned from posting for “violating relevant laws and regulation.” It’s unclear which rules the account has broken.

NetEase declined to comment further on the delay of the game. Activision Blizzard was not immediately available for comment when contacted by CNBC.

Diablo is one of Blizzard’s most popular franchises and China is one of the world’s largest gaming markets. The delay will be a setback for NetEase which saw a slowdown in revenue growth in the first quarter of the year.

Diablo Immortal has been plagued by bad reviews by users on the website Metacritic, who have slammed the game for its microtransactions which they claim require large amounts of money to do well in the game.



Source

BYD bids Warren Buffett’s Berkshire an unfazed farewell: Selling is ‘normal’
World

BYD bids Warren Buffett’s Berkshire an unfazed farewell: Selling is ‘normal’

(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Hours after we first reported last week that Berkshire sold off the remainder of its stake in BYD earlier this year, the Chinese electric vehicle maker confirmed […]

Read More
The resilient stock market may be keeping the economy out of a recession. Why that’s a bad thing
World

The resilient stock market may be keeping the economy out of a recession. Why that’s a bad thing

Traders work on the floor at the New York Stock Exchange in New York City, U.S., Sept. 17, 2025. Brendan McDermid | Reuters Stock market growth that seems impervious to tariffs, politics and a moribund jobs picture is in turn powering consumer spending and putting a floor under an economy that many expected to be […]

Read More
36-year-old American Army vet moved to Vietnam, lives on ,000 a month: You can ‘focus on what makes you happy’ here
World

36-year-old American Army vet moved to Vietnam, lives on $4,000 a month: You can ‘focus on what makes you happy’ here

Markeiz Ryan, 36, had a pretty good childhood growing up in Maryland, but the 2008 financial crisis changed things. “It wiped my mother’s job away and it really made things tough for us around the time I graduated high school,” Ryan tells CNBC Make It. “I didn’t have much of a financial security blanket to […]

Read More