Tencent finally gets some good news on gaming in China
6 years ago

Tencent finally gets some good news on gaming in China

CNN  

Hong Kong CNN Business — Tencent’s gaming nightmare in China appears to be coming to an end. Shares in the Chinese internet giant, the world’s largest gaming company, rose more than5% Friday, after a government official signaled a prolonged freeze on approvals for new games is finally coming to an end. “Approvals for the first batch of games have been completed, and we are working to issue licenses,” Feng Shixin, a senior official at the ruling Communist Party’s publicity department said at a gaming conference Friday. The government had stopped issuing licenses that allow companies to make money from new online games earlier this year in China, the world’s largest gaming market. Earlier this year, it was still waiting for licenses enabling it to start making money from some of its most popular mobile games, such as “PlayerUnknown’s Battlegrounds.” Regulators also blocked a game called “Monster Hunter: World” for which big sales were expected.

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History of this topic

Chinese tech giant Tencent among
1 week, 1 day ago

Chinese tech giant Tencent among

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The US has added social media and gaming giant Tencent to an updated …

Chinese tech companies Tencent, CATL and others protest US listings as army-linked companies
1 week, 1 day ago

Chinese tech companies Tencent, CATL and others protest US listings as army-linked companies

Associated Press  

HONG KONG — The U.S. Defense Department has added dozens of Chinese companies, including games and technology company Tencent, artificial intelligence firm SenseTime and the world’s biggest battery maker CATL, to a list of companies it says have ties to China’s military, prompting some to protest and say they will seek to have the decision reversed. Tencent’s Hong Kong-traded shares …

The Chinese Communist Party wants (a bit) less consumer internet
10 months ago

The Chinese Communist Party wants (a bit) less consumer internet

Hindustan Times  

INVESTORS IN CHINESE tech stocks might feel like characters in an online “party game”, a type of multiplayer activity that became all the rage in 2023. The latest addition to the genre is “DreamStar”, released on December 15th by Tencent, China’s biggest digital giant, with a big gaming business. Tencent’s share price jumped on hopes the game would challenge the …

Tencent chief says gaming business under threat, catching up in AI
11 months, 2 weeks ago

Tencent chief says gaming business under threat, catching up in AI

The Hindu  

Pony Ma, chief executive and co-founder of Tencent Holdings, has said that the company's video games business faces great challenges from competitors but is catching up in artificial intelligence development. Ma’s speech underscores concerns whether Tencent, the world’s biggest gaming company and the operator of China’s biggest social network WeChat, can defend its status as China’s No.1 tech company at …

Tencent reveals most ambitious game yet for consoles amid global expansion
1 year, 1 month ago

Tencent reveals most ambitious game yet for consoles amid global expansion

The Hindu  

Chinese tech giant Tencent Holdings unveiled on Friday a big-budget console game named Last Sentinel, a title seen as the mobile gaming giant's most ambitious foray into the console market. The title is being developed by about 200 people at Tencent's Lightspeed LA game studio, a key U.S. studio at the heart of Tencent's global expansion plans. In 2020, Tencent …

Tencent in Talks with Meta to Sell Quest VR Headsets in China
1 year, 10 months ago

Tencent in Talks with Meta to Sell Quest VR Headsets in China

News 18  

HONG KONG: Tencent Holdings is in talks with Meta Platforms Inc to distribute its Meta Quest line of virtual reality headsets in China, three people familiar with the matter said. The talks between Tencent and Meta started last year and have continued in recent months, according to one of the sources who has direct knowledge of the matter, adding that …

China’s video game makers come in from the cold as crackdown eases
1 year, 11 months ago

China’s video game makers come in from the cold as crackdown eases

The Hindu  

China's end to a sweeping crackdown on its video games market is expected to breathe life back into the battered industry this year, but remaining restrictions on some content and economic headwinds will limit the extent of the recovery. Shares of Tencent, the world's largest gaming company, and NetEase rose this week after China's video games regulator granted the first …

China’s NetEase criticizes Blizzard offer as unequal, unfair
1 year, 11 months ago

China’s NetEase criticizes Blizzard offer as unequal, unfair

Associated Press  

HONG KONG — China games company NetEase Inc. has rejected a proposal from World of Warcraft creator Activision Blizzard to temporarily extend its partnership while the U.S. company seeks a new partner, calling the proposed terms “unequal and unfair” in an escalating public spat. In a statement, NetEase said Wednesday that Blizzard proposed to extend the partnership for six months …

Blizzard, NetEase game partnership in China to end
2 years, 1 month ago

Blizzard, NetEase game partnership in China to end

Associated Press  

HONG KONG — American game developer Blizzard Entertainment said Thursday it will suspend most of its game services in mainland China after current licensing agreements with Chinese game company NetEase end, sending NetEase’s shares tumbling. Blizzard, which partnered with NetEase in 2008 to offer popular games such as World of Warcraft, Overwatch and Diablo in mainland China, said in a …

Tencent profit halves as crackdown, COVID-19 weigh
2 years, 7 months ago

Tencent profit halves as crackdown, COVID-19 weigh

Al Jazeera  

The world’s largest video game company said ad sales slumped 18 percent in the first quarter ending March 31. The operator of the WeChat messaging platform and the world’s largest video game company said ad sales slumped 18 percent in the first quarter ended March 31, following a 13 percent drop in the October-December period. In a call with analysts, …

Tencent Q4 earnings prompt stock tumble as China crackdown hits growth
2 years, 9 months ago

Tencent Q4 earnings prompt stock tumble as China crackdown hits growth

CNN  

Hong Kong CNN Business — Tencent’s stock suffered a sharp drop after the company reported its slowest-ever growth due to a bruising crackdown by China on the country’s tech sector. Co-founder Pony Ma and president Martin Lau joined an earnings call on late Wednesday and acknowledged that 2021 was a “challenging year” for Tencent and China’s internet industry more broadly. …

China forbids minors from gaming more than three hours per week
3 years, 4 months ago

China forbids minors from gaming more than three hours per week

Al Jazeera  

Tencent and NetEase can only offer online gaming to minors from 8pm to 9pm on Fridays, weekends and holidays. China will limit the amount of time children can play videogames to just three hours most weeks, a dramatic escalation of restrictions which dealt a blow to the world’s largest mobile gaming market, as Beijing signaled it would continue a campaign …

Tencent limits gaming for kids after official media critique
3 years, 5 months ago

Tencent limits gaming for kids after official media critique

Associated Press  

HONG KONG — China’s biggest gaming company, Tencent Holdings, said Tuesday it will limit gaming time for minors and ban children under age 12 from making in-game purchases after a state media article called games “spiritual opium.” Tencent’s pledge to curb gaming for minors came hours after the company’s stock plunged as much as 11% following a critique published by …

Tencent vows fresh gaming curbs after 'spiritual opium' attack zaps $60 billion
3 years, 5 months ago

Tencent vows fresh gaming curbs after 'spiritual opium' attack zaps $60 billion

The Hindu  

China's Tencent Holdings Ltd said on Tuesday it would further curb minors' access to its flagship video game, hours after its shares were battered by a state media article that described online games as "spiritual opium". Economic Information Daily cited Tencent's "Honor of Kings" in an article in which it said minors were addicted to online games and called for …

Tencent, Alibaba, Meituan stocks continue to plunge as China expands its crackdown
3 years, 5 months ago

Tencent, Alibaba, Meituan stocks continue to plunge as China expands its crackdown

CNN  

Hong Kong CNN Business — Chinese tech stocks keep getting slammed with a stunningly massive sell-off that has wiped outhundredsof billions of dollars in market valueas investors continue to digest Beijing’s widening crackdown on private enterprise. Meituan closed down 17.7% in Hong Kong on Tuesday, eclipsing Monday’s massive 14% loss — making it the food delivery firm’s worst two days …

Tencent just got a bit of good news from Chinese regulators on its Sogou deal
3 years, 6 months ago

Tencent just got a bit of good news from Chinese regulators on its Sogou deal

CNN  

Hong Kong CNN Business — Chinese regulators have cleared the way for Tencent to take complete control of Sogou, a major search engine that could help the tech firm take on market leader Baidu. China’s State Administration for Market Regulation said Tuesday that it had “unconditionally approved” the buyout, which will take New York-listed Sogou private. “This merger is powerful,” …

Tencent Q1 earnings: Company puts out strong results, but shares slump
3 years, 7 months ago

Tencent Q1 earnings: Company puts out strong results, but shares slump

CNN  

Hong Kong CNN Business — Tencent is pulling in more money and plans on investing more in games and videos, even as Beijing expands its scrutiny of the tech sector. “People are basically looking for excuses to cash out their stake in the company,” said Hong.“There’s always risk associated with new investments, so some people may want to take money …

Tencent boss meets China antitrust officials as scrutiny widens
3 years, 9 months ago

Tencent boss meets China antitrust officials as scrutiny widens

The Hindu  

Pony Ma, the low-profile founder of Tencent Holdings, China's biggest social media and video games company, met with antitrust watchdog officials this month to discuss compliance at his group, three people with direct knowledge of the matter told Reuters. Wu Zhenguo, the head of SAMR's anti-monopoly bureau, who was also at the meeting, expressed concern about some of Tencent's business …

China’s Tencent faces concessions to win green light for giant videogaming merger
3 years, 9 months ago

China’s Tencent faces concessions to win green light for giant videogaming merger

The Hindu  

Chinese internet giant Tencent Holdings Ltd is having to offer concessions in a plan to merge the country's top two videogame live-streaming sites in order to resolve antitrust concerns, two people with knowledge of the matter told Reuters. Tencent is Huya's biggest shareholder with 36.9% and also owns over a third of DouYu, with both firms listed in the United …

PUBG Mobile Ban: Tencent Has Lost About $34 Billion in Just Two Days
4 years, 4 months ago

PUBG Mobile Ban: Tencent Has Lost About $34 Billion in Just Two Days

News 18  

The recent ban on the popular mobile game PUBG Mobile has hit the Indian gaming community hard, but not as much as the game’s developer Tencent. Apart from PUBG Mobile, Arena of Valor, Chess Run, and Ludo World have also been blocked, all of which have an association with Tencent and are being considered for the company’s dip in the …

Is PUBG a Chinese App? India-China Face-Off is Now Testing the Loyalty of Indian Gamers
4 years, 6 months ago

Is PUBG a Chinese App? India-China Face-Off is Now Testing the Loyalty of Indian Gamers

News 18  

After clashes between Indian and Chinese troops in the Galwan Valley in eastern Ladakh on Monday night led to the deaths of twenty of our soldiers, desi Twitter has been on the warpath. The Dilemma of Patriotic Foodies During India-China Tensions READ: Indians are Leaving Nasty Reviews on TikTok, ShareIt, PUBG to Take Revenge Against China Trends on social media …

NetEase shares pop 8% in Hong Kong debut
4 years, 7 months ago

NetEase shares pop 8% in Hong Kong debut

CNN  

Hong Kong CNN Business — NetEase shares popped as much as 9.7% in their Hong Kong debut Thursday morning — a promising showing for a US-listed Chinese company seeking friendlier market territory in Asia. The gaming firm, which has traded in New York since 2000, turned to Hong Kong for a secondary offering as scrutiny of Chinese companies on Wall …

NetEase IPO: Chinese gaming company seeks nearly $3 billion in Hong Kong listing
4 years, 7 months ago

NetEase IPO: Chinese gaming company seeks nearly $3 billion in Hong Kong listing

CNN  

Hong Kong CNN Business — NetEase is planning a secondary listing for its shares on Hong Kong’s stock market next week as scrutiny of Chinese companies on Wall Street intensifies and wider US-China tensions rise. The Chinese gaming company said it was issuing more than 171 million new shares at a maximum price of 126 Hong Kong dollars each, offering …

Tencent: the Chinese tech giant you’ve never heard of that is conquering the UK
4 years, 11 months ago

Tencent: the Chinese tech giant you’ve never heard of that is conquering the UK

The Telegraph  

Tencent has created a vast empire with many of its targets to be found in the UK For James Dean, boss of tiny London drone imaging start-up SenSat, the overtures from one of China’s biggest tech giants were unexpected. The 28-year-old founder had been contacted by Tencent, the £375bn Chinese tech and media giant, expressing an interest in his business …

Tencent posted a big profit. But there’s trouble ahead
5 years, 5 months ago

Tencent posted a big profit. But there’s trouble ahead

CNN  

Hong Kong CNN Business — Tencent’s profit jumped 35% in the second quarter thanks to a sharp turnaround in its video game business. Shares in Tencent tumbled nearly 3% in Hong Kong on Thursday after the tech giant reported sales that fell short of analyst expectations and warned that an economic slowdown in China was hurting its advertising business. “China’s …

Tencent Holdings posts 35% rise in net profit thanks to growth in gaming business
5 years, 5 months ago

Tencent Holdings posts 35% rise in net profit thanks to growth in gaming business

Firstpost  

In 2018, Tencent turned in its slowest annual profit growth in 13 years due to a suspension in approvals for new games. Tencent Holdings posted a better-than-expected 35 percent rise in quarterly net profit on Wednesday as growth in its gaming business resumed after a long regulatory freeze in China and its fintech operations saw revenues rise sharply. However, the …

Tencent replaces PUBG with patriotic game in China
5 years, 8 months ago

Tencent replaces PUBG with patriotic game in China

The Quint  

Beijing, May 8 Chinese tech giant Tencent has shut down its famous PlayerUnknown's Battlegrounds mobile game in China after it failed to secure a government license to monitise the game. The company has now replaced PUBG with a government-friendly alternative -- an anti-terrorist themed game named "Heping Jingying" or "Game for Peace" without much violance, TechNode reported on Wednesday. Users …

Tencent takes down PUBG, one of its top video games, in China
5 years, 8 months ago

Tencent takes down PUBG, one of its top video games, in China

CNN  

Hong Kong CNN Business — Tencent has pulled the plug on its wildly popular video game PlayerUnknown’s Battlegrounds in China, a likely victim of government restrictions on gaming. A message posted on the game’s official social media account said the testing period for PlayerUnknown’s Battlegrounds ended on Wednesday. VCG via Getty Images Karen Chan, an analyst with Jefferies, said the …

Tencent quietly launches WeGame X globally for easy access to Chinese games
5 years, 9 months ago

Tencent quietly launches WeGame X globally for easy access to Chinese games

Firstpost  

China’s Tencent does own a 40 percent stake in Epic Games and a number of other game publishers, but that hasn’t stopped the company from offering an international game store of its own. The company which is better known in India as the makers of PUBG Mobile has now launched WeGame X, an online service that that’s available worldwide, in …

Tencent profit plunges 32% but its gaming business is recovering
5 years, 9 months ago

Tencent profit plunges 32% but its gaming business is recovering

CNN  

Hong Kong CNN Business — Tencent’s troubles aren’t over yet. Brokerage firm Daiwa said Tencent’s solid gaming business will continue to pull in money, users and overseas players. “We believe the company’s ability to procure quality gaming content in adverse market conditions will drive a recovery in sentiment,” Daiwa analysts wrote in a report published Wednesday. Tencent is still waiting …

Tencent gaming: Regulators finally approve new titles from the Chinese tech giant
5 years, 11 months ago

Tencent gaming: Regulators finally approve new titles from the Chinese tech giant

CNN  

Hong Kong CNN Business — Tencent is back in the game in China. After a nine-month freeze that hammered Tencent ’s stock price, Chinese authorities have started allowing the internet company to make money off new mobile games again. China’s State Administration of Press and Publications began issuing new game licenses late last month, wading into an estimated backlog of …

China approves release of 80 online video games after an eight month freeze
6 years ago

China approves release of 80 online video games after an eight month freeze

Firstpost  

China on Saturday approved the release of 80 online video games after a freeze on such approvals for most of the year. However, the approved titles, listed on the website of the State Administration of Press, Publication, Radio, Film and Television, did not include games from industry leader Tencent Holdings Ltd. China, the world’s biggest gaming market, stopped approving new …

Tencent Music IPO ends up at bottom of price range amid rocky markets
6 years, 1 month ago

Tencent Music IPO ends up at bottom of price range amid rocky markets

CNN  

Hong Kong CNN Business — Tencent’s IPO of its music business failed to raise as much money as the internet giant had hoped. Tencent Music, which dominates music streaming in China, said Wednesday that its listing priced at the bottom of its targeted range. Tencent Music’s IPO price will give it a market value of $21.3 billion, according to data …

China’s video game freeze knocks Tencent out of top 10 biggest companies
6 years, 3 months ago

China’s video game freeze knocks Tencent out of top 10 biggest companies

CNN  

New York CNN Business — China’s crackdown on video games has hammered one of its most valuable companies. China is the world’s biggest gaming market, and Tencent is the world’s biggest gaming company. But the uncertainty over when the Chinese government will start approving new game licenses again remains a key problem for Tencent shares, analysts at investment bank Daiwa …

Tencent announces restructuring amidst introduction of tougher govt regulation
6 years, 3 months ago

Tencent announces restructuring amidst introduction of tougher govt regulation

Firstpost  

The reshuffle is followed by a hefty fall in market value for Tencent Holdings this year. Chinese internet giant Tencent Holdings announced on Sunday its first restructuring in six years, done at a time it faces increased challenges from tighter government regulations. The reshuffle comes as Tencent Holdings, which has seen a hefty fall in market value this year, is …

Tencent market value slumps by $20 billion after Chinese crackdown on gaming
6 years, 4 months ago

Tencent market value slumps by $20 billion after Chinese crackdown on gaming

Firstpost  

Chinese Ministry called on parents to limit the time their children spend using mobile phones. Tencent Holdings’ market value slumped by around $20 billion on Friday after China intensified a crackdown on online gaming citing rising levels of myopia, heightening regulatory risks for companies in the world’s biggest gaming market. Tencent has lost more than $160 billion in market value …

Tencent loses $20 billion in value after China attacks myopia with gaming curbs
6 years, 4 months ago

Tencent loses $20 billion in value after China attacks myopia with gaming curbs

Live Mint  

Hong Kong/Beijing: Tencent Holdings’ market value slumped by around $20 billion on Friday after China intensified a crackdown on online gaming citing rising levels of myopia, heightening regulatory risks for companies in the world’s biggest gaming market. The limits came around the same time as Tencent drew scrutiny from China’s communist party mouthpiece, the People’s Daily, which described “Honour of …

Fortnite, Tencent and the fate of world’s biggest game market
6 years, 4 months ago

Fortnite, Tencent and the fate of world’s biggest game market

Live Mint  

Tencent Holdings Ltd., the world’s biggest games company, needs some help from Fortnite, the world’s hottest game. The primary reason: The Chinese government unexpectedly froze the approval of new games, including Fortnite, stunning investors and even Tencent’s management. “It’s unclear how many games are going through this channel and how many will come out," said Daniel Ahmad, an analyst at …

Tencent stuns with first profit drop in a decade
6 years, 5 months ago

Tencent stuns with first profit drop in a decade

Live Mint  

Hong Kong: Tencent Holdings Ltd. joined the ranks of Facebook Inc. by reporting shockingly poor quarterly numbers, underscoring how tech superstars that led the market to new heights are showing signs of strain. Tencent surprised investors with its first profit drop in at least a decade—a consequence of a freeze on game approvals in China that smothered its pipeline. A …

Profit at China's Tencent falls for first time in 13 years
6 years, 5 months ago

Profit at China's Tencent falls for first time in 13 years

The Telegraph  

Chinese technology giant Tencent unveiled its first profit fall in 13 years after a sluggish performance from its mobile gaming division. Tencent, the second most valuable firm listed in Asia and one of the largest constituents of the MSCI Emerging Market index, blamed the slowdown in growth on weak sales of some of its popular gaming titles. The poor performance, …

Tencent’s $143 billion rout is world’s biggest as tech sinks
6 years, 5 months ago

Tencent’s $143 billion rout is world’s biggest as tech sinks

Live Mint  

Hong Kong: If you thought the slump in US technology stocks was bad, take a look at Tencent Holdings Ltd. Tencent, Asia’s second-largest company after e-commerce behemoth Alibaba Group Holding Ltd., has also been dogged by concern that growth in its mobile-gaming unit is slowing. “Investors are increasingly pricing in lower expectations for Tencent’s interim results,” said Linus Yip, a …

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