Tencent

It has not been a good time for esports investor Tencent. The company has lost a crazy $20B of its value recently as a result of a few things. Chiefly, China just announced new internet restrictions on video games in an effort to combat a rise in nearsightedness in children, which has put a halt on Tencent’s plan to monetize the mobile version of PUBG.

China’s new regulations are aimed at limiting the amount of time that kids play games, investigating how to implement an age rating system for games, and limiting how many new online games are approved to play in the country. The Chinese government has furthermore not approved any new video game releases since April. None of this bodes well for Tencent, hence the crazy fall in their company value. They were even ordered to halt sales of  Monster Hunter: World.

Tencent is a key investor in companies like Riot Games, Activision Blizzard, and Fortnite’s Epic Games, and they reported a decrease in profits during their second quarter, which is the first time this has occurred in more than a decade. Tencent’s President, Martin Lau, stated, “From a revenue growth perspective, gaming is a key area of weakness. Our biggest game [PUBG MOBILE] is not monetizable.”

Hopefully Tencent can bounce back!

You can keep up with all our coverage on PUBG right here on Daily Esports!

[Sources 1, 2]
Tarah Bleier
Tarah Bleier is a freelance writer, editor and content creator from Toronto. Former Staff Writer Here on Daily Esports she is the News Gatherer, finding breaking stories, and doing research to get the site the most up to date content.She currently actively writes for, Flixist and Outright Geekery. As a graduate from Centennial College’s Journalism program, she has also written for Nintendo Enthusiast, PC Invasion, Tribute.ca, Factinate.com and for Geek Enthusiast Magazine. In her free time, she loves gaming, travel cosplaying, prop making and attending as many conventions and geeky events as she can.

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