Tencent shares and revenue plummet

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Chinese market revenue is declining rapidly, so Tencent is more focused on the overseas market.

Tencent hasn’t licensed any games since the beginning of the year?

Tencent’s revenue is currently collapsing, likely due to China’s strict video game licensing rules. The Chinese tech giant has reportedly not received a gaming license for 14 months.
No Tencent games have been licensed since the beginning of the year
This resulted in a 3% decline in revenue and earnings in the second quarter compared to the year-ago period, driven by a sharp drop in the number of players. Additionally, Tencent’s shares are down 60% since February 2022, resulting in a $564.1 billion loss in value.
No Tencent games have been licensed since the beginning of the year
As a result, the company is more focused on overseas markets such as the Middle East, Latin America and Southeast Asia.
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Source: INN NEW YORK CITY

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