The name Tencent still doesn’t mean much to most gamers, despite the fact that the Tencent Games is now the fourth biggest game publisher in the world. The reason for that is because the company operates mostly in its native China. With the confirmation of an upcoming western release of Monster Hunter Online, though, the Tencent name has started to gradually grab the interest of many.
Today the company announced that it donated 500 million yuan to support relief effort for the population hit by yesterday's disastrous earthquake.
The video game regulator had drafted rules which would have limited the time and money spent gaming.
Insider Gaming writes: "In recent hours, some of the biggest gaming corporations in China suffered from sizeable tumbles in their shares as the National Press and Publication Administration published a draft of guidelines aimed at clamping down on spending in online games.
This action saw Tencent’s share value plummet by around 16%, with a loss of around $54 billion, while NetEase’s value collapsed by almost 30%."
To bad for recent, nothing but bad shyt coming out for tecent and embracer. The people that hates them got what they want. I understand why China did this for each one listed. Still daily rewards be nice though either way doesnt effect me I don't think i played tencent games that I know of. (Random empty tencent folder on phone) still curious where that came from though.
Curious if anyone thinks this is a good thing. Yeah we dislike microtransactions and gambling loot boxes, but do we want governments telling us what's good for us and what we can or can't have
Tencent has confirmed to TechRaptor that its AAA studio Team Kaiju has been shut down, while its unannounced AAA game has been canceled.
500 million Yaun -Thats a hell of a lot of tencents!
My prayers are with the people effected by this earthquake.
They gave them Bill Gates' pocket change?!
Now Activision lol.
Tencent must be swimming in money, because that's a shit-ton of cash by any metric. Can you imagine EA donating $80 million to disaster victims in the US?
Props to them.