Tencent Slashes at $271 Billion Stock Slump with Massive 50% Recovery
Companies, agencies, institutions, etc
Tencent
Sinolink Securities
Online Games Ethics Committee
PlayerUnknown
@MarissaJWeeks
New Zoo
Electronic Arts
Respawn Entertainment’s
Cross Platform Play
Battle Royale gamesIf Apex Legends
Fortnite +
Variety
Tencent Music
Yahoo FinanceAnother
Tencent Music’s
People
BloombergThat
Christian Petersen
Epic Games’ “Fortnite
Bluehole
Marissa J Weeks
Battle Royale’s
Netease
Chau
Melanie
Groups
Asian
Chinese
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Locations
China
US
Shanghai
Fortnite
France
Canada
Events
Epic Games
Summary
Tencent shares are now seeing a massive recovery fueled by opportunities from “Fortnite” and “Apex Legends” in China’s booming gaming sector and improving sentiment in the domestic stock market.Tencent’s share price has pumped over 8% this week alone. Critically, a third of the company’s revenue comes from online gaming.Though China’s new gaming regulator appeared set to grant up to 3,000 new licenses this year, new reporting by Variety suggests the body has ceased accepting new applications while it deals with a 7,000 title backlog.Tencent Music has performed well since its IPO.
As said here by Melanie Kramer