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Friday, 01/07/2022 6:47:10 AM

Friday, January 07, 2022 6:47:10 AM

Market Chatter: Roblox Shutters App in China as it Preps New Version
2022-01-07 06:37:56 AM ET (MT Newswires)

06:37 AM EST, 01/07/2022 (MT Newswires) -- Roblox (RBLX), the US video gaming platform, shuttered its Chinese app on Dec. 8 as part of "a number of important transitory actions" as it builds a new version, Reuters reported Friday, citing a company representative.

The company launched its LuoBuLesi app in China in July in partnership with an affiliate of Tencent Holdings.

A company spokesperson did not say when the new app would be launched, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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