Deals
Tencent Partner Nexon Signals More Weakness in China Games
- Chinese sales expected to continue falling after dropping 22%
- Mobile version of Dungeon & Fighter tested, awaiting release
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Nexon Co. foresees revenue from China dropping by a double-digit percentage this quarter, as the key partner to Tencent Holdings Ltd. awaits the release of a marquee title after Beijing ended a months-long freeze on game approvals.
Revenue from the country fell 22 percent in the December quarter and it forecast a “low teens” to “high teens” percentage drop in the January to March period. Nexon generates roughly half of its sales from the world’s second-largest economy, where Tencent distributes its popular PC title Dungeon & Fighter.