TechNode Weekly News | August 23

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Huawei’s car business valued at $16 billion in share sale by Jill SHEN

Chinese tech giant Huawei’s automotive business unit has been valued at around RMB 115 billion ($16 billion), after it struck a deal to sell a 10% stake to Changan Automobile for RMB 11.5 billion, the two companies announced on Tuesday.

Black Myth: Wukong hits 2.2 million concurrent players on launch day, second-highest all-time peak on Steam by Jessie Wu

Chinese game developer Game Science on Tuesday released Black Myth: Wukong, an action RPG (role-playing game) inspired by China’s classic novel Journey to the West, for Steam, PlayStation 5, Wegame, and Epic. As the very first AAA game developed in China, Black Myth: Wukong has sparked widespread excitement and discussions within the country’s gaming industry and among Chinese players.

Walmart sells entire JD stock as it looks to focus on its own Chinese businesses by Yujia Dong

US retail giant Walmart has exited its eight-year holding in China’s JD, one of the country’s largest e-commerce platforms, according to an SEC?filing?from Walmart on Tuesday.? The American firm sold its shares for around $3.7 billion in the deal.?

China’s Geely to bring Black Myth: Wukong in-car gaming experience to its vehicles by Jill SHEN

Chinese action role-playing game (RPG) Black Myth: Wukong has sent shockwaves through the global gaming community and the impact is spreading to the automotive industry, as a Geely-linked firm is testing out new in-car gaming experience with the hit title, TechNode has learned.