It helps if you consider China has millions of little baby whales who will grow up to spend tens of billions of dollars in Activision Blizzard titles that leverage dark patterns that western countries are starting to outlaw.
Lack of big news doesn't mean anything. We know they had teams working on Diablo 4, Overwatch 2, and the next World of Warcraft expansion. But Blizzard has historically preferred to have extended internal development periods and not announce anything until they're close to release.
Heck, Titan was under development for years before getting cancelled without any sort of big announcement.