The world’s biggest games company has smashed expectations for its Q3 2017. Tencent reported revenues of $9.8bn, which is up 61 per cent year-on-year and almost as much as EA and Activision combined. Its profits for the period hit $2.7bn, up 69 per cent. This represents the company’s strongest growth …
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A 61 per cent year-on-year growth in revenue has been down to mobile and PC games, along with sales and advertising
Read More »Tencent revealed during it's investment announcement that games and ad sales are areas Snap Inc could explore
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Talk of Chinese gaming giant Tencent acquiring PlayerUnknown’s Battlegrounds developer Bluehole is once again doing the rounds. The Korea Times reports that Bluehole previously rejected an acquisition offer prior to the PUBG explosion. However, as Bluehole’s value continues to soar, sources have indicated that shareholders may now be veering back …
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PlayerUnknown’s Battlegrounds developer Bluehole has confirmed that it is indeed in discussions with Chinese gaming giant Tencent about a possible equity acquisition. Bluehole last month denied reports that Tencent had already invested in it, telling Games Industry that such reports were “not accurate”. However, speaking to Bloomberg, Bluehole co-founder and …
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Last night’s Nintendo Direct brought a surprising revelation for the esports crowd, mentioned in passing as Nintendo paraded a variety of Switch games in front of the audience. Tencent’s mobile MOBA, a 5 v 5 offering, is coming to Nintendo Switch. You might not know the name Arena of Valor, …
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The Chinese internet giant up year-on-year in a quarter with heavy UK investment
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Statment from the company is given to Polygon and other websites debunking the original reports.
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PUBG developer Bluehole received investment after failed buy out according to Chinese press
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Tencent Games is stepping into European gaming market with an authentic 5V5 mobile MOBA game, Arena of Valor, which is published by Proxima Beta, a division of Tencent Games. Arena of Valor has been already launched in South Korea, Taiwan, Thailand and Vietnam where it was an instant success. Within …
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