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Business trends

Asian gaming companies face disruption from likes of Google

Next-generation cloud-based gaming will change the face of the industry

Google announced a new video gaming streaming service named Stadia at the Gaming Developers Conference in San Francisco, California, U.S., March 19.   © Reuters

TOKYO -- Shares of Asian gaming companies were knocked on March 20 by news that Google is planning to launch a cloud-based gaming platform within the year. Microsoft also has recently outlined plans to launch trials of a game-streaming service.

Google announced that it plans to launch "Stadia," an internet-based gaming platform at the Game Developers Conference, the world's largest professional gaming industry event, in San Francisco on March 19. Google CEO Sundar Pichai said Stadia will be a platform "for everybody."

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