It was recently been announced in a press release that one of China’s biggest tech and holding companies, Tencent, has acquired the Swedish gaming company, Sharkmob, for an undisclosed amount.

This comes in a series of moves made by Tencent in an effort to expand their gaming division, especially on the international market. Tencent Holdings has previously invested in numerous game developing companies, like Supercell and Epic Games.

Steven Ma, senior vice president of Tencent, said in a statement; “Sharkmob’s creative and passionate team has a proven track record of developing triple-A titles which involves open world settings and various gameplays. We look forward to more exciting innovation for game-lovers by combining Sharkmob’s development capabilities with Tencent’s technologies and expertise,”

Sharkmob was originally founded two years ago in Malmö, Sweden by Anders Holmquist, Fredrik Rundqvist, Martin Hultberg, Petter Mannerfelt and Rodrigo Cortes. 

On their website, they write; “After many years in the AAA segment of the industry the dream was to get back closer to the actual development; work with smaller teams and embrace the creative work that makes game development so much fun!”

Apart from working on new projects together with Tencent, the creative gaming company is currently working on an unannounced game, launch date unknown.

“We view the future of online gaming the same way and Tencent being a leading internet and games platform gives Sharkmob the reach and resources to be a part of that future. Support from Tencent’s incredible group of game teams will allow us to fully pursue our passion of bringing great gaming experiences to as many players as possible.”, said Fredrik Rundqvist, CEO of Sharkmob, in a statement.

The Swedish krona is at the lowest it’s ever been in over a decade. This is good news for anyone who plans to visit Sweden over the summer. For the Swedes, however, vacation this year’s vacation might come with a hefty price tag. 

The Swedish krona dropped 9 percent against the US dollar coming in at 9.65 in last Thursday’s trading. This is the worst number that the currency has held against the US dollar since 2002.

As 2019 turned in, the krona has fallen six percent against the Euro, and currently standing at 10.79. Last time krona was this weak against the Euro was ten years ago, in the summer of 2009.

It is due to these numbers that The Financial Times report that the Swedish krona is the worst-performing major currency so far in 2019.

The unexpected low inflation in Sweden combined with uncertainty over global developments underlines the need to proceed carefully in monetary policy. The Swedish Central Bank is keeping the key repo rate unchanged at –0.25 percent in line with market expectations but predicts a raise again by the end of the year, or beginning of next.

Despite the Swedish Central Banks best attempts to regulate the rate, Chief economist, Michael Grahn, at Danske bank doesn’t seem to think the Swedish currency will be bouncing back any time this year. To Swedish news agency, TT, he said;

“Unfortunately, I think it is going to get even worse.”

#Swedishmade is our article series in which we feature famous brands, apps, artists, DJs and companies that are made in Sweden. We’re skipping H&M, IKEA, and ABBA because we know that you already know they’re Swedish treasures – instead we are highlighting equally as awesome people, brands and companies, that we are guessing you didn’t know were Swedish. Are we right or are we wrong? Don’t forget to vote in the poll below the article!

For our second #Swedishmade article, we want to introduce the video/computer game turned empire Minecraft.

Minecraft was created by Markus “Notch” Persson, with assistance from Carl Manneh and Jakob Porsner, in which he also founded the video-game company Mojang with.

The sandbox video game began as the brainchild of Markus Persson. He started creating the game as a project while working as a developer for Jalbum (today called King, the company behind Candy Crush). In June 2010, when the beta version of the game was selling more than 400 copies a day, Marcus decided to quit his job and focus fully on Minecraft. With the profits he had gotten from selling the Minecraft copies, he started the video game company Mojang, still headquartered in Stockholm.

It was on November 18th, 2011, that Minecraft was officially published and released to the world. It would come to be the best-selling video game ever, partly sharing a number one spot with different versions of Tetris. Before the official release, Minecraft had sold millions of copies of the game in its beta stage.

The, what seemed to almost be an overnight success, up-and-comer Mojang was now challenging the whole gaming industry.

From the time it was released in 2011, Minecraft had in a short time received multiple awards and had critics praising the game to the skies. According to The Daily Record “the game was something special”, urging their readers to buy the game. Other critics loved the square graphics saying that it made the game “instantly memorable”. In November 2011, right after the official release of the game, a Minecraft convention called MineCon was organized. It was held in Las Vegas, and the tickets were sold out after just two hours.

With complex systems, Minecraft allowed players the creative freedom to open up worlds and create opportunities previously only existing in their minds. Minecraft is also thought to be the portal in which many young minds entered the digital world. Who knows how many creative coders and digital geniuses Markus has inspired through his creation?

But the triumph of Minecraft went from being a fun ride for founder Marcus to becoming a burden trying to keep up the success and expanding in a way that kept the millions of fans happy.

In 2014, after particularly harsh words directed at Notch from fans online, he tweeted “Anyone want to buy my share of Mojang so I can move on with my life?” Microsoft picked up on the opportunity, and just a few weeks later Microsoft announced its interest in buying Mojang for a whopping $2.5 billion, effectively fulfilling Marcus wishes to be freed from his duties at Mojang.

Fans of Minecraft feared that the big corporate giant that had come to acquire Mojang would change the product and make it irrecognisable to the fans. Fortunately, Microsoft loved the product way too much to want to change it, and the game remained true to itself while expanding and making itself even more available to people around the world.

Today Minecraft has been released in different versions, catering to the need of different groups of players and fans. They have also partnered with Netflix to create a Minecraft world based on the Netflix original series “Stranger Things”.According to this timeline, the Chinese beta version for the Chinese market was released in August earlier this year, making the world dominance of Minecraft a fact.

Did you know:

1. Mojang is a simplified version of the Swedish word “Mojäng” meaning “gadget”
2. Founder Markus “Notch” Persson is the owner of the most expensive house in Beverly Hills, even outbidding Jay-Z and Beyonce in the bidding war for it.
3. Minecraft won the award for the Most Addicting Game at the 2015 Kids Choice Award
4. According to a study, one-third of Minecraft users discovered the game through Youtube videos
5. The very first version of Minecraft was created by Markus in just a few days
6. The Danish government recreated the entire nation of Denmark on Minecraft
7. It’s the most played XBOX Live game
8. There’s a world within Minecraft where the almost extinct Swedish dialect “Älvdalskan” is spoken.

Let us know below whether or not you knew that Minecraft, the best-selling video game of all times, was #Swedishmade in the poll below!

This article was originally published on Oct 30, 2017.