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Tencent to check all gamers’ IDs by 2019 in unprecedented move

Bloomberg Tencent Holdings Ltd. will expand its age-verification system to encompass its entire games line-up, an unprecedented undertaking in response to growing criticism it encourages addiction among youths. The Chinese social media and entertainment titan intends to check all gamers’ identities against police databases by 2019, extending a procedure it pioneered for the mobile phenomenon Honour of Kings. It will ...

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Runaway train ‘derailed’ by BHP in Australia

Bloomberg BHP Billiton Ltd., the world’s largest mining company, halted all train operations in Western Australia on Monday after it was forced to derail a runaway train in the Pilbara. The driver was inspecting an issue with the train when the locomotive ran away. While rail operations are suspended, mining operations continue, it said. The Australian Transport Safety Bureau said ...

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European VCs seek to raise more money in fewer funds

Bloomberg A range of European venture capital firms are seeking to raise more money in fewer funds as they ride a global trend towards larger investment vehicles. For five prominent firms in the region, sizes are expected to range from $100 million to $350 million each. Idinvest Partners SA, one of France’s largest VC firms, is targeting a $350 million ...

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