TCEHY - Tencent's DnF Mobile Leads Market Revival with 2.9% Stock Surge After China's Gaming Regulation Reversal | Benzinga
China's gaming regulator, the National Press and Publication Administration (NPPA), unexpectedly approved a new batch of 32 foreign video games, easing concerns in the market after the recent scrapping of a controversial gaming regulation.
Notable among the approvals is the hit title Dungeon & Fighter (DnF) Mobile, operated in China by Tencent Holdings ADR (OTC TCEHY), which saw a 2.9% increase in its stock price in Hong Kong following the news, South China Morning Post reported. Meanwhile, the stock experienced a 0.95% increase in the past 24 hours.