Tencent dismisses concerns about mobile gaming time limits

|About: Tencent Holding Ltd. ADR (TCEHY)|By:, SA News Editor

Tencent  (OTCPK:TCEHY, OTCPK:TCTZD) dismisses concerns about its move to limit child gameplay time for its top-grossing mobile game “Honour of Kings”.

"(Those) under 12 years old constitute a small proportion of our total user base and a smaller percentage of our paying user base. We do not expect these measures will have a material impact on our overall financial results," says a Tencent statement to Reuters.

*”Honor of Kings” brought in $810.5M in Q1, according to gaming database CNG.  

Previously: Tencent loses $17.5B in market cap (July 4)