SPX3,959.47+25.55 0.65%
DIA338.62+2.18 0.65%
IXIC11,063.39+104.84 0.96%

BRIEF-Tencent Expects Regulators To Grant Licenses To Its Commercial Games Soon

Reuters · 11/16/2022 08:01
BRIEF-Tencent Expects Regulators To Grant Licenses To Its Commercial Games Soon

- Tencent Holdings Ltd 0700.HK:

  • PRESIDENT: PARTNERSHIP WITH UBISOFT WILL ENABLE TENCENT TO RELEASE MORE AAA GAMES GLOBALLY AND PC TITLES TO CHINA

  • TENCENT PRESIDENT: CONTINUES TO INVEST IN COMPANIES COMPLEMENTARY TO CORE BUSINESSES SUCH AS UBISOFT AND FROMSOFTWARE

  • TENCENT PRESIDENT: VIDEO ACCOUNT AD REVENUE ON TRACK TO EXCEED 1 BILLION YUAN IN QUARTERLY REVENUE IN Q4

  • TENCENT CHIEF STRATEGY OFFICER: MINOR PROTECTION MEASURES, THE LACK OF GAME LICENSES AND WEAK MACRO MAIN FACTORS HINDERING GAMING REVENUE GROWTH

  • TENCENT'S CHIEF STRATEGY OFFICER: GAME DEVELOPMENT STRATEGY HAS CHANGED TO FOCUS ON GAMES WITH HIGH PRODUCTION VALUE AND GLOBAL AMBITIONS

  • TENCENT'S CHIEF STRATEGY OFFICER: COMPANY WILL RELEASE MORE ADVERTISING INVENTORY IN VIDEO ACCOUNTS AS THERE REMAINS EXCESS DEMAND FROM ADVERTISERS

  • TENCENT'S PRESIDENT: VIDEO ACCOUNT MONETIZATION WILL BE INCREMENTAL TO AVOID IMPACT ON TENCENT'S OTHER ADVERTISING REVENUE

  • TENCENT'S CHIEF STRATEGY OFFICER: INVESTEES' FINANCIAL STRENGTH, INDUSTRY POSITIONING AND INVESTMENT RETURNS ARE KEY FACTORS IN DECIDING SHARE DISTRIBUTION

  • HAS A 30% INTERNAL RATE OF RETURN

  • TENCENT'S PRESIDENT: A BIG OVERLAP BETWEEN INSTITUTIONAL INVESTORS OF TENCENT AND MEITUAN IS ALSO AN INCENTIVE TO DISTRIBUTE MEITUAN'S SHARES

  • TENCENT'S PRESIDENT: CHINA'S PARTY CONGRESS AND NDRC REPORTS HIGHLIGHT VALUE OF DIGITAL ECONOMY, SIGNALING A MORE SUPPORTIVE ENVIRONMENT

  • TENCENT'S PRESIDENT: BEIJING'S APPROVAL OF TENCENT-CHINA UNICOM JV SIGNALS BETTER REGULATORY ENVIRONMENT REGARDING ANTI-TRUST

  • TENCENT'S PRESIDENT: TENCENT EXPECTS REGULATORS TO GRANT LICENSES TO ITS COMMERCIAL GAMES SOON

  • TENCENT'S PRESIDENT: THE APPROVAL OF TENCENT'S INVESTMENT IN SAMSUNG PROPERTY AND CASUALTY INSURANCE SIGNALS NORMALIZED REGULATOR ENVIRONMENT IN THE AREA OF FINTECH

  • TENCENT'S PRESIDENT: TENCENT IS STILL WORKING WITH REGULATORS ON GETTING A FINANCIAL HOLDING COMPANY LICENSE

Further company coverage: 0700.HK



(Reporting by Hong Kong )

((twinnie.siu@tr.com; 852-3462 7715;))