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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.