Tencent shares slide after Monster Hunter

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RiotGames

Shares in Chinese technology giant Tencent Holdings Ltd's tumbled on Tuesday a day after Chinese regulators blocked the sale of one of its blockbuster video games, "Monster Hunter: World", less than a week after the game was launched.

Parts of the Capcom hit failed to meet regulatory standards and the relevant authorities received complaints, which in turn spurred the government to revoke an operating licence, Tencent said in a statement without elaborating.

Developed by Japan's Capcom Co Ltd, Monster Hunter: World has sold over eight million copies worldwide by April of this year and Tencent had licensed the game to sell to personal computer users in China.

Shares in Tencent, which is set to report half-year earnings on Wednesday, slid more than 3 per cent in morning trade, against a 0.9 per cent fall in the benchmark Hang Seng share price index.

"People are very concerned about Tencent in the short-term at the moment", said Douglas Morton, head of research in Asia at Northern Trust Capital. However, it has yet to receive a licence that would allow it to monetise the updated game.

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According to laws issued by China's regulatory agency, all games entering the market must be reviewed and potentially altered to bring them more in line with socialist values.

Are you playing Monster Hunter: World on PC?

This isn't the first time that a game has been removed in China after launch; a release of World of Warcraft back in 2009 got the boot for a short amount of time just because of some skeletons that were portrayed.

"It's not impossible that you could still be hit even after you pass the censors, in the same way a movie can be pulled after public screening", the person said. No guarantee on the continued operation of the game has been promised and Tencent is offering refunds to affected customers.

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