Tencent Swaps Out PUBG for Chinese Game That Can Generate Profit
- It announced it’s suspending PlayerUnknown’s Battlegrounds
- Chinese game developers struggling to get titles approved
This article is for subscribers only.
Tencent Holdings Ltd. unveiled its latest entry in the Battle Royale death-match genre Wednesday, 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 percent, marking their biggest intraday climb in about two months. Tencent concurrently pulled the plug on the mobile version of PlayerUnknown’s Battlegrounds, 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 Wednesday, Tencent said in a notice to users.