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.



Alibaba Launches Open-Source AI Coding Model, Touted as Its Most Advanced to Date 

A man walks past the Alibaba logo displayed at its booth during the China International Supply Chain Expo in Beijing, China July 16, 2025. (Reuters)
A man walks past the Alibaba logo displayed at its booth during the China International Supply Chain Expo in Beijing, China July 16, 2025. (Reuters)
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Alibaba Launches Open-Source AI Coding Model, Touted as Its Most Advanced to Date 

A man walks past the Alibaba logo displayed at its booth during the China International Supply Chain Expo in Beijing, China July 16, 2025. (Reuters)
A man walks past the Alibaba logo displayed at its booth during the China International Supply Chain Expo in Beijing, China July 16, 2025. (Reuters)

Alibaba Group announced on Wednesday the launch of Qwen3-Coder, an open-source artificial intelligence model for software development that the Chinese e-commerce giant described as its most advanced coding tool to date.

The launch comes amid intensifying competition among Chinese technology companies in the global AI development race, with firms on both sides of the Pacific releasing increasingly sophisticated models. Qwen3-Coder is designed for software development tasks such as code generation and managing complex coding workflows, Alibaba said in a statement.

The company positioned the model as particularly strong in "agentic AI coding tasks" - automated processes where AI systems can work independently on programming challenges.

According to performance data released by Alibaba, Qwen3-Coder outperformed domestic competitors, including models from DeepSeek and Moonshot AI's K2 in key coding capabilities.

The company also claimed its model matched the performance of leading US models, including Anthropic's Claude and OpenAI's GPT-4 in certain areas.