Chinese technology giant Tencent Holdings Ltd has “no clarity” on when it may get approval to start charging for its most popular game, it said on Wednesday, after reporting its first quarterly profit fall in nearly 13 years on weak gaming revenue. Company president Martin Lau said “the biggest issue” before Tencent could return to rapid revenue growth was to gain regulatory approval to start charging for its PlayerUnknowns’ Battlegrounds (PUBG) video game in China, while confirming a sector-wide freeze for new game approvals in the world’s largest gaming market due to a government restructuring. Tencent’s profit in …read more
Source:: Yahoo Finance
