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Tencent share price jumps after China approves several games
Tencent Holdings Ltd. joined a rally in Asian gaming stocks Thursday after China green-lit its latest clutch of blockbuster titles, reinforcing hopes Beijing is easing a crackdown on the world’s largest mobile gaming arena.
Tencent was the top performer on the Hang Seng Tech Index Thursday, gaining as much as 3% after winning nods for a half-dozen titles including esports favourite Valorant and Pokemon Unite, developed in tandem with Nintendo Co.
[Bloomberg]
Tencent Holdings Ltd. joined a rally in Asian gaming stocks Thursday after China green-lit its latest clutch of blockbuster titles, reinforcing hopes Beijing is easing a crackdown on the world’s largest mobile gaming arena.
Tencent was the top performer on the Hang Seng Tech Index Thursday, gaining as much as 3% after winning nods for a half-dozen titles including esports favourite Valorant and Pokemon Unite, developed in tandem with Nintendo Co.
[Bloomberg]