Tencent's shares slide after "Monster Hunter"

Alonzo Simpson
August 17, 2018

The game, where players hunted fearsome creatures, has been pulled off Tencent's WeGame distribution platform after it was released on August 8, the gaming firm said in a statement posted on the website. Beyond that, they aren't sure how long the game will be available.

But according to the Financial Times, a source close to WeGame reportedly said the removal was not due to complaints from users, but was instead due to "bureaucratic infighting" in China's new media regulator.

Tencent shares fell 2.4% on Monday, while Capcom's stock slumped nearly 10%.

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"Monster Hunter: World" was created by Japanese video games publisher Capcom.

The news comes a day ahead of Tencent's next earnings release.

If you've played Monster Hunter: World, you'd probably agree with analysts that the game is quite tame in terms of sex and blood. This is the result we get by adding the estimated PC sales to Capcom's sales data as of June 30. In a quote about the company, Brock Silvers, a Managing Director of Kaiyuan Capital, said: "The recent fumbling of core gaming operations is a worrying trend, and investors can reasonably begin to ask if constant investment and competition with Alibaba are causing Tencent to lose focus". However, with the new title, Capcom re-designed many features of the game, which in part have led to the complaints. Revenues for PC games were flat from a year ago, but Tencent had two major hit games on its portfolio. Chinese regulators declared the game to gory for Chinese users and while some modifications have bene made to the game, it remains unavailable for the country's gamers. While "Fortnite" was developed by Epic Games, Tencent has a large stake in the company.

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