HONG KONG: Tencent Holdings Ltd has unveiled its latest entry in the Battle Royale death-match genre, allowing China’s largest social media company to begin cashing in on a red-hot gaming arena.
Its shares leapt as much as 3.7%, marking their biggest intraday climb in about two months. Tencent concurrently pulled the plug on the mobile version of PlayerUnknown’s Battlegrounds (PUBG), a title it was never allowed to make money on after Beijing imposed a months-long freeze on approvals. The game’s testing phase formally ended yesterday, Tencent said in a notice to users.