Tencent shares plummet by $20 billion thanks to Chinese regulations

PUBG publisher Tencent’s stock value dropped by $20 billion in the wake of new Chinese electronics regulations.

1 year ago

Stocks headlines

  • Rumour: Microsoft in frame to buy Activision majority share

    Potential buyers for Vivendi’s 60 percent share of Activision Blizzard include Microsoft, Time Warner and Tencent, news source Reuters has reported.

    8 years ago
  • Analyst predicts Funcom stock will triple leading up to The Secret World's release

    Last summer, stock prices in Funcom were sitting at 5,20 NOK on the Norwegian Stock Exchange, but as of March 2012, stock in the firm has risen substantially to 20,30 NOK in March 2012. Due to the rise in prices, analysts predict continued growth when The Secret World releases in June.

    8 years ago
  • Zynga lowers valuation to $7 billion ahead of initial public offering

    Zynga is seeking a $7 billion valuation for its initial public offering, which is down $10 billion from previous reports, with analysts agreeing the firm’s initial valuation was too ambitious and that the company should wait until it releases its Q4 financials. Sources state the firm will announce a price on December 15 and that […]

    8 years ago
  • Saturday shorts - Tribes: Ascend, Xbox phone, EA goes green, Dungeons, Cthulhu goes long, SWTOR

    Below you will find your shorts for Saturday. We have no idea what happened to the pair you wore on Friday.

    9 years ago
  • EA stock dips on lower-than-expected Medal of Honor scores, EA responds

    War – what is it good for? Not EA’s shareholders, apparently.

    9 years ago
  • Eidos stockholders approve Square Enix take-over

    Eidos shareholders have accepted a takeover bid made by Square Enix with an overwhelming majority. Once Eidos’s shares have been delisted, Square will gain control sometime in late April. With Square now owning 85 percent of Eidos shares, the company has control over Hitman, Championship Manager, Tomb Raider and all other IP’s owned by Eidos. […]

    11 years ago
  • Patcher: Feb NPD's will cause "limited market reaction"

    Wedbush Morgan analyst Michael Patcher said today that while the February NPD looks good on paper, he expects “limited market reaction” to the figures. While most publishers met or exceeded expectations – THQ not being one of them – Patcher said the figures would not effect stock buying options in a note today. “We expect […]

    11 years ago
  • Eidos shares jump with news of Square Enix bid

    News of a Square Enix bid for Eidos has resulted in a major share boost for the Hitman-maker. Eidos’s stock leapt over 117 percent today, with over 5 million shares being traded in the UK market’s first hour alone. The price is currently at 30.5 pence ($.42). Square Enix is expected to reveal more details […]

    11 years ago
  • Nintendo hits seven month low as Japan stocks slide

    Sometimes you can’t do anything right. Despite leading the entire videogames race, Nintendo’s shares have hit a seven month low on the Nikkei, following a general trend in the Japanese market caused by the strong yen and a rotten US forecast. Shares in the company fell 5.9 percent today to (£219.30), the lowest price since […]

    12 years ago