Apple Plans to Invest More Than $250 Mln to Expand Singapore Campus

People shop at an Apple reseller store iBox at a mall in Jakarta on April 17, 2024. (Photo by Adek BERRY / AFP)
People shop at an Apple reseller store iBox at a mall in Jakarta on April 17, 2024. (Photo by Adek BERRY / AFP)
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Apple Plans to Invest More Than $250 Mln to Expand Singapore Campus

People shop at an Apple reseller store iBox at a mall in Jakarta on April 17, 2024. (Photo by Adek BERRY / AFP)
People shop at an Apple reseller store iBox at a mall in Jakarta on April 17, 2024. (Photo by Adek BERRY / AFP)

Apple Inc plans to invest more than $250 million to expand its regional campus or operations in Ang Mo Kio, Singapore, according to a company statement dated April 17.
Two buildings acquired in 2022, located across from Apple's existing offices, will undergo a major upgrade, the US technology giant said.
"Singapore is truly a one-of-a-kind place, and we are proud of the connection we've built with this dynamic community of creators, learners, and dreamers," Tim Cook, Apple's CEO, said in a statement.
Apple opened its first facility in Singapore in 1981 with 72 employees focused on Apple II, its early personal computer.
It has since grown to house more than 3,600 employees in the city-state, which serves as an operations center for Apple in the region.
Cook will meet Singapore's prime minister-designate Lawrence Wong as well as the city-state's incumbent leader Lee Hsien Loong this week as part of his Southeast Asia tour, Bloomberg News reported earlier on Wednesday, citing a person familiar with the matter.



Tencent Finds New Hit in ‘Dungeon and Fighter’ Mobile Game After Dry Spell 

The Tencent Games logo is seen on its game on a mobile phone in this illustration picture taken March 19, 2024. (Reuters) 
The Tencent Games logo is seen on its game on a mobile phone in this illustration picture taken March 19, 2024. (Reuters) 
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Tencent Finds New Hit in ‘Dungeon and Fighter’ Mobile Game After Dry Spell 

The Tencent Games logo is seen on its game on a mobile phone in this illustration picture taken March 19, 2024. (Reuters) 
The Tencent Games logo is seen on its game on a mobile phone in this illustration picture taken March 19, 2024. (Reuters) 

Chinese internet giant Tencent Holdings' mobile game "Dungeon and Fighter" was the top-selling app on Apple's App Store in China this week, surpassing the company's existing flagship games after it spent years looking for a new marquee title.

The side-scrolling action game, developed by South Korea's Nexon and published by Tencent, became the top-selling app in China hours after it was launched on May 21 and it has stayed there since, according to app tracking platform Appmagic.

Tencent's "Honor of Kings" and "Peacekeeper Elites" have long been China's most popular games but they have recently shown signs of declining revenue as their popularity ebbed.

Globally, "Dungeon and Fighter" mobile ranked as the world's second top-selling app last week, only behind short video platform TikTok and ahead of Honor of Kings and YouTube, which came in third and fourth, according to Appmagic.

The video game is estimated to have earned more than $40 million in revenue on Apple devices after receiving over 2.4 million downloads, according to Appmagic.

Robin Zhu, senior analyst at Bernstein, said that Appmagic's number aligns with data recorded by another app tracking firm called Sensor Tower.

But he said that the game actually makes more money because the $40 million figure was only Tencent's and Nexon's cut, excluding Apple's share of the revenue.

"Gross billings-wise, the Sensor Tower data suggests you're looking at 1.2 to 1.5 billion yuan ($206.95 million) of receipts since launch," he said. Gross billing refers to the gross amount that users have spent on the game.

He said that "Dungeon and Fighter" mobile's strong performance is on track to meet Nexon's expectation of 3 billion yuan in gross billings during the game's first month of launch.

Officially named "Dungeon and Fighter: Origin", the game is a mobile adaptation of the "Dungeon and Fighter" computer game, one of the world's most profitable computer games which Tencent also publishes.

The game, under development for seven years, was released in South Korea in 2022 and became an instant hit. But its China release was delayed after the government cracked down on the gaming industry between 2018 and 2022.