http://www.pcgamer.com/torchlight-and-hob-developer-runic-games-has-shut-down/

Earlier today, Gigantic developer Motiga was shut down by its China-based publisher, Perfect World. In a statement, Motiga chief executive Chris Chung said "Motiga is not the only Perfect World studio being impacted by the decision." We now know his warning was dead-on: Perfect World has also shut down Torchlight 2 and Hob developer Runic Games. 

In a statement to Kotaku, Perfect World said: