Chinese social and gaming giant Tencent reported strong Q3 financial results on Thursday, generating a revenue of 125.5 billion yuan ($18.9 billion), up 29% year-on-year and ahead of analysts’ expectations.
Tencent Games has signed a partnership deal with British luxury brand Burberry to integrate and promote the company in its popular mobile game, Honor of Kings.
Tencent Games announced on Nov. 1 during a live-streamed celebration of the game’s 5th anniversary that its star mobile game Honor of Kings has obtained an average DAU of 100 million.
Tencent’s mobile game Honor of Kings generated over $240 million in total revenue in September, becoming the top revenue generator of worldwide mobile games, according to a report by Sensor Tower.
Chinese social media platform Weibo has acquired Honor of Kings team TS Gaming. Chinese leading short-form video company Kuaishou has acquired Honor of Kings team YTG.
The mobile game industry has arguably become the biggest beneficiary of the COVID-19 outbreak.
Honor of Kings has announced that it was moving its King Professional League (KPL) 2020 spring tournaments online due to the recent COVID-19 outbreak.
PUBG Mobile continues to reign as the king of mobile games based on monthly revenue, according to market research firm Sensor Tower.
In yet another example of machine learning algorithms besting highly skilled players, an artificial intelligence system devised by Tencent’s AI lab named Wukong AI defeated a human team in a five-on-five Honor of Kings match on Aug. 1.