Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Tencent Holdings Limited
  6. News
  7. Summary
    700   KYG875721634

TENCENT HOLDINGS LIMITED

(700)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Tencent sued over 'inappropriate' content in Honor of Kings game

06/01/2021 | 06:39am EDT
FILE PHOTO: A Tencent logo is seen at its booth at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing

HONG KONG (Reuters) - A Chinese public-interest group said on Tuesday it is suing Tencent over what it alleges is inappropriate content for minors in the top global game developer's flagship video game, Honor of Kings.

Beijing Teenagers Law Aid And Research Center said it filed the lawsuit in a Beijing court on Tuesday, to mark the implementation of an amended protection of minors law.

The suit, whose content Reuters could not independently confirm, also coincides with an unprecedented antitrust crackdown by Beijing on some of China's biggest tech companies that sources told Reuters includes Tencent.

The company, which declined to comment when contacted by Reuters, has progressively lowered the recommended age limit for the game from 18 in 2017 to 12 this year, the public-interest group said.

In a posting on its social media account, it said some of the game's characters wore low-cut clothes and that its storyline tampered with historical figures and showed a lack of respect for traditional culture - all of which made the game inappropriate for young users.

"Game characters' clothing is too revealing, while there is a lot of ... low-taste content that is inappropriate for teenagers on its website and forums," the group said in the posting.

An in-game raffle also made young players more likely to play the game for longer, it said.

Citing concerns about eye damage, Chinese authorities have sought to limit hours that teenagers can spend playing video games, and companies including Tencent have put in place anti-addiction systems that they say cap young users' game time.

Tencent said last November that Honor of Kings, which is free to download but has paid-for in-play content, had a record 100 million daily active users worldwide.

Sources told Reuters in April that China is preparing to fine Tencent, probably in excess of $1 billion, for anticompetitive practices in some businesses and for not properly reporting past acquisitions for antitrust reviews.

(Reporting by Pei Li; editing by John Stonestreet)

By Pei Li


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
GOLDEN EAGLE RETAIL GROUP LIMITED 0.00% 6.84 End-of-day quote.-2.84%
TENCENT HOLDINGS LIMITED -2.64% 479 End-of-day quote.-15.07%
TOP GLOBAL LIMITED -1.28% 0.385 End-of-day quote.165.52%
All news about TENCENT HOLDINGS LIMITED
07:42aS.Korea's Netmarble buys Hong Kong-based casino game app co SpinX for $2.19 b..
RE
05:26aDorsey-led $29 billion deal delivers prompt payday for Afterpay founders
RE
08/01MARKET CHATTER : Tencent to Gain $1.25 Billion From Square's Buyout of Australia..
MT
08/01China Orders Internet Giants Including Alibaba, Tencent to Rectify Internet S..
MT
08/01Debt-Ridden Evergrande to Sell 11% Stake in HengTen For $418 Million
MT
08/01Twitter's Dorsey leads $29 bln buyout of lending pioneer Afterpay
RE
07/30TENCENT : SEC halts Wall Street IPOs of Chinese companies, mulls new risk disclo..
AQ
07/30TENCENT : China urges tech companies to step up management of critical data expo..
RE
07/30China's Tech Regulator Urges Internet Companies to Step Up Risk Assessment
DJ
07/30TENCENT, ALIBABA, DIDI : Beijing takes control
More news
Financials
Sales 2021 588 B 91 067 M 91 067 M
Net income 2021 148 B 22 891 M 22 891 M
Net cash 2021 117 B 18 068 M 18 068 M
P/E ratio 2021 26,1x
Yield 2021 0,40%
Capitalization 3 759 B 582 B 582 B
EV / Sales 2021 6,19x
EV / Sales 2022 5,02x
Nbr of Employees 89 228
Free-Float 62,4%
Chart TENCENT HOLDINGS LIMITED
Duration : Period :
Tencent Holdings Limited Technical Analysis Chart | 700 | KYG875721634 | MarketScreener
Technical analysis trends TENCENT HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 52
Last Close Price 398,20 CNY
Average target price 605,92 CNY
Spread / Average Target 52,2%
EPS Revisions
Managers and Directors
Hua Teng Ma Executive Chairman & Chief Executive Officer
Chi Ping Lau President & Executive Director
Shek Hon Lo Chief Financial Officer & Senior Vice President
Chen Ye Xu Chief Information Officer
Yu Xin Ren COO & President-Interactive Entertainment Group
Sector and Competitors
1st jan.Capi. (M$)
TENCENT HOLDINGS LIMITED-15.07%586 611
NETFLIX, INC.-4.28%229 074
PROSUS N.V.-15.29%143 510
AIRBNB, INC.-1.90%87 605
UBER TECHNOLOGIES, INC.-14.78%81 617
NASPERS LIMITED-6.54%79 627