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Games & Commerce

Pearl Abyss\' Crimson Desert wins best international game at China\'s CGIA

Pearl Abyss said on Sunday its upcoming title Crimson Desert won the best international game award at the China Game Innovation Awards 2026 held during ChinaJoy. The awards are hosted by the China Audio-video and Digital Publishing Association and run by game platform TapTap. Pearl Abyss said the win again demonstrated the game\'s technical capabilities. It said Chinese-language voice and subtitles will be supported for the local market.

Telecommunications & Media

China\'s Even Realities valued at $1 billion after $150 million pre-Series B round

China\'s smart glasses company Even Realities Technology raised $150 million in a pre-Series B funding round joined by Tencent and Meituan, valuing it at $1 billion. The Shenzhen-based startup plans to use the funds to develop a next-generation smart glasses platform, strengthen AI integration, expand global operations and accelerate product innovation. Founder and CEO Will Wang previously worked at Apple from 2016 to 2018.

Games & Commerce

Sony ends PS5 optical disc production as downloads dominate

Sony Interactive Entertainment will end production of 4K UHD Blu-ray discs for the PlayStation 5, saying digital media demand now far exceeds physical discs. Japan ITmedia reported the most direct reason was the overwhelming share of download sales. Sony Group data showed downloads accounted for 78 percent of annual game sales in fiscal 2025 and hit a record 85 percent in January to March 2026, while disc purchases were 15 percent.