Chinese authorities have said they may revise newly drafted online gaming rules shortly after the planned restrictions caused major tech companies to lose billions of dollars. State broadcaster CCTV reported on Saturday that the authorities have heard the "concerns and opinions raised by all parties", adding that "the State Press and Publication Administration will study them carefully and further revise and improve them", referring to the media regulator. The authorities released a draft on Friday with a wide range of rules and regulations aimed at curbing online spending and rewards in video games. Its impact was immediate, dealing a massive blow to the world's biggest games market. Investors went into a tailspin, leading to as much as $80bn in market value being wiped off from China's two biggest companies, industry leader Tencent Holdings and Netease.

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The video gaming community is mourning the loss of one of its early pioneers, Masayuki Uemura. Uemura, whose death on Monday at the age of 78 was just announced, was the lead architect behind the Nintendo Entertainment System [NES] and its successor the Super Nintendo Entertainment System [SNES]. Uemura was born in Tokyo in 1943 and became an electrical engineer. In 1972, he joined Nintendo and was soon working on the predecessor to early hit game "Duck Hunt". In the early '80s, he was tasked with creating a home console to rival Atari, and Nintendo's president asked Uemura come up with a game using cartridges.

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This GlobalArtificial Intelligence in Video Games Market report offers a detailed view of market opportunity by end user segments, product segments, …

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Bidding for the only known'Nintendo-PlayStation' prototype console - the result of a failed partnership between Nintendo and Sony in 1991 - is already up to $350,000 (£268,000). The super-rare console, which is being sold with a Sony-branded SNES controller and cartridge that enables CD-Rom functionality, only went up for bids on Thursday. Potential buyers have 21 days left to bid on the console, which is being auctioned off by Dallas-based Heritage Auctions on March 6. The collectors' item is a rare artefact from a brief collaboration between the Japanese gaming giants before they took separate paths in the video game market. The rare'SNES-PlayStation' was one of 200 prototypes made - and the rest are thought to be destroyed.

Fortnite may be a free video game, but it's already earned $1 billion this year, as well as a cult following. A crowd gathers to buy copies of "Call of Duty: Modern Warfare 3" during a launch event for the highly anticipated video game at a GameStop Corp. store November 7, 2011 in North Las Vegas, Nevada. The worldwide video game market could grow from $137.9 billion this year to $180.1 billion by 2021, according to Newzoo. The research firm also expects the top five video game markets to generate nearly $98 billion in revenue this year. China famously banned video game consoles for 15 years (2000 to 2015) due to fears about their impact on children's development, but that merely turned PCs – and later, mobile devices – into its main gaming platforms. China is now home to Tencent (NASDAQOTH: TCEHY), the largest video game publisher in the world.

There's hype surrounding Nintendo's first home-to-handheld hybrid console, Switch. Wall Street Journal technology reporter Nathan Olivarez-Giles says this could be a make or break moment for Nintendo.