Virus Quarantines in China Spur Tencent, NetEase Gaming Surge
- Mobile gaming DAUs grew 48% since December, topping year prior
- Tencent, NetEase outpaced the Hang Seng by over 10% in 2020
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Active users of mobile games developed by Tencent Holdings Ltd. and NetEase Inc. have surged in China as quarantines keep people at home, underscoring the relative outperformance of their shares amid the coronavirus-driven market tumult.
For Mahjong and Game For Peace, two of Tencent’s most popular titles, daily active users increased 109% and 44%, respectively, in the two months through February, according to App Store data from mobile app researcher Apptopia Inc. Other Tencent games including Honor of Kings, Happy Poker, and QQ Speed have also seen usage increases of more than 20% over the two-month period.