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 esports organization TS Gaming defeated their opponent DYG in a best-of-seven game, in the 2020 Honor of Kings World Champion Cup Final.
U.S. electric vehicle Tesla has partnered with China’s largest game publisher Tencent Games for Peacekeeper Elite, one of the most profitable mobile games in the world.
Shares of mobile game developer Archosaur Games, Tencent-backed company, rose 55% to HK$18 ($2.32) per share after its Hong Kong IPO on Wednesday.
PUBG MOBILE, along with Peacekeeper Elite (The Chinese version), has made over $3B USD in lifetime revenues, according to a report by Sensor Tower.
Tencent Games tries to solve the issue of "children using parental identity information to purchase in-game items without supervision".
With in-game promotion and events, Chinese mobile game publishers saw surging revenues in May.
Tencent will increase the number of mobile games covered by its updated anti-addiction system to 80 by the end of May, and has been testing a new facial recognition system.
Tencent on Wednesday said that it would launch the mobile version of the PC "beat 'em up" action game Dungeon & Fighter in the Chinese market in summer 2020.
Mobile games created by Chinese developers continued gaining ground in the US market in the first quarter of 2020, with 19 titles making it to the top 100 highest-grossing list.
Game licenses issued by China's top game regulator tanked in Q1 2020, with only 336 games acquiring the approval to monetize in mainland China.
Tencent on Tuesday announced the rollout of its updated anti-addiction system to another 21 mobile titles, increasing the number of mobile games covered by the system to 33.
Tencent and Yoozoo Games on Friday announced plans to launch mobile game studio Supercell’s hit 3V3 battle royale title Brawl Stars in China on June 9.
China’s Tencent Holdings Ltd. had the highest revenue among all application providers in 2019, with its major mobile game Kings of Glory gaining wide popularity.