Unity will have majority control of its China venture, it said. The venture will be valued at $1 billion following investments from the local partners. Junbo Zhang, who currently serves as Unity’s general manager for Greater China, will lead the venture as president and CEO, the company added. China is the world’s largest gaming market since 2017, but investors have lately been concerned about the impact Beijing’s internet crackdown and the economic slowdown will have on the industry. Unity: US gaming software developer forms China venture with Alibaba, Bytedance & Latest News Update Unity: US gaming software developer forms China…
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