Tencent games revenue in focus after China blocks 'Monster Hunter

Tencent games revenue in focus after China blocks 'Monster Hunter

Tencent shares in Hong Kong fell more than 3 percent on Tuesday morning after Chinese regulators stopped the tech giant from selling a blockbuster video game "Monster Hunter: World" on its distribution platform, WeGame. Apparently, Chinese regulators received many complaints about the content within the monster-hunting video game, complaints like the high amount of corpses seen in-game and the act of hunting and killing exotic monsters.

Leading online game operator Tencent Holdings Ltd. has abruptly pulled a popular Japanese-developed title from its platform just days after its release, as the industry struggles under a almost half-year freeze on approval of all new games.

Tencent shares fell 2.4% on Monday, while Capcom's stock slumped nearly 10%. "Tencent had to alter PUBG past year after the regulator deemed it too violent, but has yet to receive a license to sell the updated version".

Monster Hunter: World which was first released on PS4 on January 26th is the latest title of its series and is also the very first title for the current PlayStation.

More news: Queen of Soul Aretha Franklin dies aged 76
More news: Petr Cech backed by Unai Emery, despite shaky start against Man City
More news: Moto P30 is the most ridiculous iPhone X clone yet

"It's not impossible that you could still be hit even after you pass the censors, in the same way a movie can be pulled after public screening", the source said. Still, regulators have yet to approve monetization of that game.

Morton said he remained bullish on Tencent shares and that regulatory risk in China versus the rest of the global gaming market has always been there. It said the title was removed 8 a.m. on Monday, and that anyone who had purchased it already could get refunds without penalty.

We have been receiving numerous reports that players are experiencing connection errors after every several times they depart on quests.

Related Articles

  • Trump's Military Parade, Which Could Cost $90 Million Dollars, Postponed

    Trump's Military Parade, Which Could Cost $90 Million Dollars, Postponed

    However, new estimates place the cost of the parade at $92 million - $80 million more than the initial estimates of $12 million. Rohan, issued a statement that said the parade money would be better spent on funding the Department of Veterans Affairs.
    United States to host La Liga games in ground-breaking marketing deal

    United States to host La Liga games in ground-breaking marketing deal

    This ground-breaking agreement is certain to give a major impulse to the popularity of the lovely game in the USA and Canada. Meanwhile, the Spanish players' union, the AFE, declared "the most energetic protest" at the announcement .
    Pay your tributes to former PM Atal Bihari Vajpayee here

    Pay your tributes to former PM Atal Bihari Vajpayee here

    From Bollywood actors to prominent sports personalities, all condoled the death of BJP's tallest leader. Vajpayee also improved relations with Beijing, officially recognizing Tibet as part of China.
  • Flash flood watch into early Tuesday for Northern Virginia

    Flash flood watch into early Tuesday for Northern Virginia

    With the chance of rain of 60 to 70%, almost all of southeastern North Carolina will receive one or multiple rounds of rain. While rain is not as widespread as Saturday, targeted areas may get repetitive bouts of heavy showers and thunderstorms.
    India’s three-time prime minister Vajpayee dies at 93

    India’s three-time prime minister Vajpayee dies at 93

    A state funeral would be accorded to him and a half day holiday would be observed in all central government offices on Friday. He was conferred India's highest civilian honour, the Bharat Ratna, by the President of India in 2014.
    Ariana Grande and James Corden Sing 'Suddenly Seymour' on Carpool Karaoke

    Ariana Grande and James Corden Sing 'Suddenly Seymour' on Carpool Karaoke

    She previously joined Corden on Monday's Late Late Show , taking on the role of Rose in " Soundtrack to Titanic ". And check out our host, Kylie Mar, on Twitter , Facebook , or Instagram .
  • €5bn wiped off Italian bridge operator Atlantia after Genoa disaster

    €5bn wiped off Italian bridge operator Atlantia after Genoa disaster

    The pair also called for the resignation of the top management of the company. "It is in continual maintenance", he told Reuters . A recent photo of the bridge that collapsed, sending cars plunging 150ft to the ground, highlighted the sorry state it was in.

    3 in custody after New Haven overdoses

    New Haven Fire Chief John Alston said the event was largest concentration of overdose victims the department had experienced. During the news conference live streamed by WTNH News 8 , first responders rushed to treat a nearby victim.

    'Queen of Soul' Aretha Franklin dies at age 76 after long illness

    The teenage Aretha cuts loose in the '50s, revving up a raucous congregation at her father's New Bethel Baptist Church in Detroit. She could sing pop standards alongside Barbra Streisand, who was her label mate in the 1960s before she moved to Atlantic.
  • Watch Ariana Grande and James Corden perform a mini Titanic musical

    Watch Ariana Grande and James Corden perform a mini Titanic musical

    They begin to fall in love, and Corden sings Timbaland's "The Way I Are", which features the particularly apt lyrics, "I ain't got no money".
    Elway on if Broncos would sign Kaepernick: ‘Colin had his chance’

    Elway on if Broncos would sign Kaepernick: ‘Colin had his chance’

    Elway was one of a number of front-office executives to give a deposition in the proceedings in Kaepernick's presence. On Thursday, John Elway made it clear that Colin Kaepernick will not be considered if the team goes that route.
    Ebola outbreak: 41 dead in DRCongo, new drug in use

    Ebola outbreak: 41 dead in DRCongo, new drug in use

    Peter Salama, said in a Twitter post, with a limited window of opportunity to stop the outbreak from spreading into those areas. The International Committee of the Red Cross says it has trained almost 50 volunteers on safe burials in Beni and Mangina.