Riot Games’ parent company Tencent Holdings has been awarded 19.4 million Chinese Yuan (S$3,956,046) due to a lawsuit against Mobile Legends’ developer, Shanghai Moonton Technology Co. in China. Ai seh, a lot of money sial.
Back in 2017, Riot had sued Mobile Legend‘s developers but the case had eventually been dismissed. Tencent, a Chinese company launched a new suit against Mobile Legends there instead. This lawsuit was a non-disclosure and non-compete lawsuit.
Moonton had originally been meant to pay Tencent 2.6 RMB (S$530,192) according to an official court document from the Shanghai No. 1 Intermediate People’s Court. The court ruled that this original settled was incorrect. The document stated that the court deemed the value insufficient. Apparently, Moonton’s owners had utilized a valuation based on how tax authorities calculate value, rather than one based on book values. The number was then raised to 19.4 RMB after. Fierce sia.
At the same time, King of Glory, Tencent’s China-based mobile MOBA, is joining up with Riot and Tencent to sue Moonton for an additional copyright infringement case as well. Moonton going to kena until super bad.
