Tencent News & Opinions from CCN.com

China’s Tencent Splashes $30 Million in Twitch War after Mixer’s Death

September 23, 2020June 27, 2020 by Thomas Bardwell

Chinese conglomerate Tencent has been stealthily testing the waters with its own Twitch-inspired streaming platform, dubbed Trovo Live.

China’s Insane Fortnite Limits Take ‘Nanny State’ to Ridiculous New Levels

September 23, 2020March 3, 2020 by Max Moeller

According to a Fortnite leaker, Chinese game limitation policies may get more extreme, including in-game punishments for playing too long.

Alleged Tencent Leak Suggests Coronavirus Death Toll Spiraling to 25,000

September 23, 2020February 5, 2020 by Ayush Singh

Tencent may have accidentally published what looks like the “real” number of coronavirus infections and casualties, and they are grim.

Will Bayonetta 3 Be Affected by Tencent’s Stunning Platinum Games Deal?

September 23, 2020January 7, 2020 by William Worrall

Will Bayonetta 3 be affected by Tencent’s stunning investment in developer Platinum Games, which is also behind Babylon’s Fall?

Call of Duty: Mobile Destroys Combined Fortnite & PUBG 1st-Month Downloads

September 23, 2020November 11, 2019 by Thomas Bardwell

Call of Duty: Mobile racked up 148 million downloads in its launch month. That’s more than the combined total of PUBG Mobile and Fortnite. The game now boasts the 2nd most successful mobile game launch of all time. While Activision didn’t afford Call of Duty: Mobile the same marketing fanfare as its mainline titles, the … Read more

Tencent Seemingly Plans on Porting More Games to Nintendo Switch

September 23, 2020October 24, 2019 by William Worrall

Massive Chinese conglomerate Tencent may be planning on bringing more of its games to the Nintendo Switch if an advert recently posted by the company is anything to go by. The job posting was made on the Tencent Careers page and seems to be seeking a developer who can help port games to the Nintendo … Read more

Call of Duty Mobile Storms to Record 100 Million First-Week Downloads

September 23, 2020October 9, 2019 by Thomas Bardwell

According to data compiled by analyst outfit Sensor Tower, Activision’s latest foray into the mobile gaming space, Call of Duty Mobile, racked up no less than 100 million global downloads in its launch week. Best First-Week Launch Ever These figures give Call of Duty Mobile the venerated accolade of the best first-week launch of any … Read more

Call of Duty Mobile Includes a 100-Player Battle Royale Mode

September 23, 2020September 19, 2019 by Thomas Bardwell

Call of Duty: Mobile is set to launch on Android and iOS devices worldwide on Oct. 1, Activision announced late yesterday. The publisher is the latest to take the reputational weight of a big-name franchise and attempt to condense it down into a cohesive mobile experience. It follows in the footsteps of PUBG and Fortnite … Read more

Nintendo and Tencent to Shed Light on Risky China Switch Launch

September 23, 2020July 24, 2019 by Thomas Bardwell

Following rife speculation, the partnership between Nintendo and Tencent to bring the Switch console to China has shifted up a gear. As reported by Niko Partners Analyst Daniel Ahmad and in a joint announcement on Chinese social media platform Weibo, Tencent’s senior VP Steven Ma and Nintendo senior executive officer Satoru Shibata will take to … Read more

Tencent Antstream Funding Signals Designs on Cloud Gaming Market

September 23, 2020July 23, 2019 by Thomas Bardwell

tencent partnership with stadia rival jio

UK-based retro streaming platform Antstream has secured the support of Tencent in a Series A funding round. The Chinese gaming behemoth is looking to make inroads into the cloud gaming market by tapping into the nostalgia of retro gaming. As cloud gaming gathers steam with the arrival of Google’s Stadia browser-based platform this fall and … Read more

Bitcoin Epically Rescues this Bubble Portfolio’s Tesla Stock Crash

September 23, 2020May 24, 2019 by Mark Emem

By CCN.com: A hypothetical exchange-traded fund composed of assets deemed as overvalued by the media such as Bitcoin and some tech stocks has so far this year posted a return of 17 percent, MarketWatch reports. Currently, the bubble portfolio consists of among others Bitcoin, Argentina’s century bond and tech stocks such as Netflix, Tencent and … Read more

Tencent Slashes at $271 Billion Stock Slump with Massive 50% Recovery

September 23, 2020March 6, 2019 by Melanie Kramer

Tencent, the world’s largest gaming company and one of the biggest social media service owners, saw its stock plummet in 2018, costing investors as much as $271 billion in losses. 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 Stock Rebounds 50% Compared to Last October

Tencent’s share price has pumped over 8% this week alone. According to Bloomberg reporting and exchange data, Asian investors poured $304 million into Tencent stock on Monday. This compared to a dramatic low in October 2018 which saw the company plunge from being the world’s 5^th-largest company by market value, right out of the top ten.

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Will Tencent’s Massive Investment Help $3 Billion Reddit Take Down Facebook & Google’s Ad Duopoly?

October 3, 2020February 11, 2019 by Jimmy Aki

American social news aggregation site Reddit has raised $300 million in a Series D funding round at a market valuation of $3 billion. The capital injection was led by Chinese multinational conglomerate Tencent Holdings who invested $150 million into the social site. So far, Reddit has raised $550 million in total from a myriad of … Read more

Fortnite’s Epic Games Leads Record $5.7 Billion Year for Gaming Investments in 2018

September 23, 2020January 29, 2019 by Melanie Kramer

Game company investments, into market leaders like Epic Games, doubled an already record figure for gaming investments in 2017. Epic Games, developer of Fortnite – the world’s most popular videogame – saw the greatest single investment in 2018 of $1.25 billion. Epic Games $1.25 Billion Funding Round is the Largest non-IPO Gaming Investment Ever A first-quarter … Read more

Freemium Isn’t Free! Free Mobile Games Generated a Whopping $61 Billion in 2018

September 23, 2020January 18, 2019 by David Hundeyin

The 2018 end-of-year report by Nielsen-owned gaming research company SuperData has revealed that so-called freemium games – games that are free to play but typically enable microtransactions for users to purchase upgrades and gizmos – are dominating the entertainment market, generating a massive $88 billion in the past year. Unsurprisingly this segment also known as … Read more

How $400 Billion Tencent Might Soon Acquire Two Major Bitcoin Exchanges

September 30, 2020January 18, 2019 by Josiah Wilmoth

Tencent might soon be the proud owner of two major bitcoin exchanges, as the $400 billion Chinese tech conglomerate is weighing a bid for the South Korean holding company that controls them. Tencent Mulling Bid for Owner of Bitstamp & Korbit Reuters reports that Tencent is actively pursuing co-investors to purchase the South Korea-based NXC … Read more

China’s Easing Up On Game Approval Ban, So Why Are Tencent Shares Still in the Red?

September 23, 2020January 3, 2019 by Melanie Kramer

Chinese regulators have, after a near-year-long freeze, began to approve new videogames to earn valuable sales revenue in the country. The regulators didn’t, however, approve Tencent’s Fortnite and PlayerUnknown’s Battlegrounds and Tencent’s share price might be suffering because of this. New game approvals paused in China in March 2018 during a government reshuffle. Previously regulators … Read more