NetEase To Close Ouka Studios, Developer Of Visions Of Mana: Report
Portfolio Pulse from Franca Quarneti
NetEase is reportedly closing its Tokyo-based Ouka Studios, known for the game Visions of Mana, due to strategic adjustments in response to market conditions. This move reflects a broader industry trend of adapting to changing market dynamics.
August 30, 2024 | 6:27 pm
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NetEase is closing Ouka Studios, its Tokyo-based subsidiary, as part of strategic adjustments to align with market conditions. This move may impact NetEase's expansion in the console gaming sector.
The closure of Ouka Studios indicates a strategic shift by NetEase, potentially affecting its expansion in the console gaming market. This could lead to short-term negative sentiment around NTES stock as investors react to the news.
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