Tencent Shares Climb Most in Months as Blockbuster Debuts Early

‘Dungeon & Fighter Mobile’ is now set for May 21 in China
Analysts expect a Chinese gaming turnaround for 2024

Tencent headquarters in Shenzhen. — Tencent headquarters in Shenzhen.
Photographer: Qilai Shen/Bloomberg

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By Charlotte Yang

April 22, 2024 at 4:53 AM UTC

Updated on

April 22, 2024 at 7:47 AM UTC

This article is for subscribers only.

Tencent Holdings Ltd. shares staged their biggest rally since December after China’s biggest internet firm nailed down an earlier-than-anticipated debut of one of the year’s most eagerly-awaited mobile games.

Tencent set a May 21 start date for Nexon Co.’s Dungeon & Fighter Mobile for China — a marquee title expected to refresh an ageing pipeline, draw in new users and reaffirm Beijing’s easing stance for the world’s largest gaming market.