ALL THE LATEST NEWS ABOUT THE BUSINESS OF PC GAMES

News

Tencent starts the road to recovery after a rocky 2018 with a $40bn boost in share value

Tencent starts the road to recovery after a rocky 2018 with a $40bn boost in share value

Tencent has begun to recover after 2018’s Chinese game approval freeze ran it through the wringer.

Shares in the Chinese publisher hit an over-six-month high last week, reports CNBC, and are 10 per cent higher this year so far than in 2018. That means shares have gained nearly $40 billion in value.

Part of this renewed growth could be thanks to China’s decision to open approvals back up - even if they have had to reinstate the freeze on more new titles to catch up on the backlog.

It’s a far cry from the rough ride Tencent experienced last year, losing $20 billion in value thanks to China’s crackdown on new game approvals.

You can read the full story over on PocketGamer.Biz.


Staff Writer

Natalie Clayton is an Edinburgh-based freelance writer and game developer. Besides PCGamesInsider and Pocketgamer.biz, she's written across the games media landscape and was named in the 2018 GamesIndustry.biz 100 Rising Star list.

Comments

No comments
View options
  • Order by latest to oldest
  • Order by oldest to latest
  • Show all replies