Netease sued $900 million

[X Mal]

Marvel Rivals developer NetEase sued for $900 million following claims of false and defamatory statements and owners being part of the Chinese Communist Party.

https://www.ign.com/articles/jeff-annie-strain-sue-netease-900-million-alleging-erroneously-told-investors-they-committed-fraud

EOMM, Bots, & altered hitboxes, oh my..

Will Marvel Rivals Survive? You better buy some skins and hope!

[You'reJustBad]

This is what happens when you accept chinese money... the chinese communist party puts its hands down your pants and fondles your nethers... they can also squeeze them as hard as they like whenever they like when Xi Jing the Pooh Bear wants

shame, arena net were great, had an awesome time with Guild Wars

[Sheiriff Woody]

Originally posted by X Mal:

Marvel Rivals developer NetEase sued for $900 million following claims of false and defamatory statements and owners being part of the Chinese Communist Party.

https://www.ign.com/articles/jeff-annie-strain-sue-netease-900-million-alleging-erroneously-told-investors-they-committed-fraud

EOMM, Bots, & altered hitboxes, oh my..

Will Marvel Rivals Survive? You better buy some skins and hope!

Did you actually read the Atrical?

Then, in April, Annie Strain published a lengthy letter on the company website in which she blamed the recent industry economic downturn and inability to find funding for the company's struggles. She also repeatedly mentioned an alleged article being written by Kotaku reporter Ethan Gach that she claimed would have outed her own personal health struggles without consulting her. The letter was taken down not long after, and Kotaku never published the article in question. However, Prytania subsidiary Possibility Space shuttered a week later, with Jeff Strain blaming employees leaking information to the press for the closure. Neither NetEase, nor allegations of fraud were mentioned at this time.

Why did they wait so long? Netease gets a profitable IP/Game and now the Devs and onwers of a failing Company that went under are trying to get a slice of the pie.

The Strains say that they continued to ask questions and push the company about regulatory compliance, and over time their relationship with NetEase began to break down. It also seems that the company began to have money troubles at some point during this period, because in early February of 2024, Crop Circle Games laid off some of its staff and furloughed others, and IGN understood at the time from sources close to the studio that internally there was significant confusion, fear, and later anger internally at how the situation was handled.

In the Strains' complaint, they say that on February 22, Jeff Strain received a text from a managing director of one of the venture firms that invested in Prytania saying that Crop Circle Games was being accused of fraud and misuse of funds. The Strains claim they traced the rumors back to its source, saying that the director claimed he had heard this from NetEase. In a board meeting in March, Han Chenglin admitted that he told his coworkers "I'm really surprised that the company is running out of runway so quickly," and suggested this was where the rumor had come from.

Looks like their Company was going under and Funds were dissapearing, and IMHO Share Holders should and do have a right to know. And they are seeking Triple then what their Company was worth Prior which was valued at 330mil. Something smells fishy and its not Netease. Not to forget, this was last year. So even if their Company was still up and around, their worth wouldnt have went to 900mil in just 1 year.

[Tiziel]

Dont fall for the rage bait. OP doesnt even own the game and is a 1 month fresh account made to spam bait threads, from and user with 900 hours in his main acc, yet he spam bait threads and hate Devs . Report and move on.

[Tiziel]

Originally posted by X Mal:

Marvel Rivals developer NetEase sued for $900 million following claims of false and defamatory statements and owners being part of the Chinese Communist Party.

https://www.ign.com/articles/jeff-annie-strain-sue-netease-900-million-alleging-erroneously-told-investors-they-committed-fraud

EOMM, Bots, & altered hitboxes, oh my..

Will Marvel Rivals Survive? You better buy some skins and hope!

WHy you try to boycott a game doing bait threads yet you play every day, where you got more than 900 hours in 3 months? Much hipocrisy?

[Hero Of Chaos]

News flash, articles are not facts and evidences, and not your religion, so don't believe in everything what they say, better watch interviews instead.