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Bottom line: Tencent and NetEase will become long-term beneficiaries of a cleanup of China's online game sector, despite their lack of new launches so far following the recent end of a 10-month freeze on approval of new titles.
China's 10-month freeze on approval of new online games has official ended, but don't tell that to industry leaders Tencent (HKEx: 700) and NetEase (Nasdaq: NTES). China's gaming regulator has officially just published its latest list of newly approved game titles, whi...
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Bottom line: Tencent's sudden pulling of a popular game just days after its release shows no one is exempt from Beijing's recent online entertainment clampdown, which could weigh on stocks of related company for the next few months.
A new statement from leading online game operator Tencent (HKEx: 700) is dripping with contrition, following the sudden yanking of a new hit game from its platform that apparently didn't pass muster with the regulator. This latest Tencent news, combined with some ...
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Bottom line: Tencent could be forced to take more measures to control addictive play of its popular "Honour of Kings" game, which could take a short-term toll on its gaming business.
- Military critical of Tencent hit game
Internet juggernaut Tencent (HKEx: 700) has been in nonstop headlines lately for its smash hit game called "Honour of Kings", along with its stock price that keeps reaching new highs. The company must certainly be feeling a bit uneasy from all the public...
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