Tencent shares fell amid the problematic release of Dungeon & Fighter Mobile
On May 21, 2024, Tencent released the mobile version of Dungeon & Fighter in China. According to Bloomberg, an hour after its release, the company temporarily shut down the game's servers for maintenance. This had a negative impact on the company's stock.
Dungeon & Fighter Mobile
At the time of writing, Tencent's stock price had dropped by 2.89% to 383.6 Hong Kong dollars ($49.15 USD) per share.
Tencent informed Chinese players that they had to suspend access to Dungeon & Fighter Mobile due to server disruptions. They did not go into details, but Bloomberg speculated that the servers could not handle the large influx of users.
Dungeon & Fighter Mobile is one of the most anticipated mobile games in China. Initially, it was slated to be released in the country in 2020, but the release was postponed due to increased regulatory oversight of the gaming industry by Chinese authorities. As of August 2020, the game had over 60 million pre-registrations.
