China gaming crackdown: Baidu to lay off over 100 from its gaming unit amid regulatory crackdown and heavy losses

Chinese online search engine Baidu is laying off at least 100 employees from its video games unit as the company moves to trim losses amid Beijing’s ongoing crackdown on the sector, according to two sources briefed on the matter.The Beijing-based company will significantly downsize its core games development team and terminate services to games developed by outside studios, two separate sources, who requested anonymity as they were not authorised to discuss the matter publicly, told the South…

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