
Tencent-Backed Archosaur Games Makes HK Debut, Shares Rise 55%
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.
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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.
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.
Honor of Kings, an online game produced by Tencent, announced an upgrade to its anti-addiction measures on Tuesday, in which underage users can only play games from 20:00 to 21:00 on Fridays, weekends and holidays.
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.
Many Tencent-owned games have announced recently that Shenzhen Tencent Tianyou Technology Ltd., a wholly-owned subsidiary of Tencent, will join as another main operator of these games.
Tencent Games tries to solve the issue of "children using parental identity information to purchase in-game items without supervision".
Recently, as some netizens reported, the page of mobile title League of Legends: Wild Rift could not be opened in WeChat. In response, officials said on Wednesday that the page was being fixed.
As for the collapse of the popular game, some netizens speculated that it was related to the fact that regulatory authorities have recently restricted the time minors are allowed to play online games.
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.
Mobile application and gaming market research platform Sensor Tower released the revenue ranking today for Chinese mobile game publishers in the global app store and Google Play during February 2022.
Tencent Games has set up a new studio in Liverpool, UK, led by Pete Smith, VP of partnerships for Tencent Games Global.
LightSpeed Studios, a prominent Chinese game developer and subsidiary of Tencent Games, released a teaser trailer for its new product on June 24, which was developed by Unreal Engine 5.