Tencent Holdings Ltd, the world’s biggest games company, needs some help from Fortnite, the world’s hottest game.
Just a few months ago, Tencent reigned as the most valuable company in Asia, but it has since suffered a record stock plunge that has wiped more than US$140bil (RM575.33bil) off its market value. The primary reason: The Chinese government unexpectedly froze the approval of new games, including Fortnite, stunning investors and even Tencent’s management.
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