Tencent was down 3.66% to HK$347.80 in Hong Kong on Tuesday morning, a bad omen for its 31%-owner Naspers and in turn the JSE’s top 40 index. Tuesday morning’s drop appears to have been sparked by Chinese regulators ordering Tencent to remove a newly released game called Monster Hunter: World from its download service. Whereas Monster Hunter: World is developed by a Japanese company called Capcom, Tencent’s best selling game, PlayerUnknown's Battlegrounds, is developed by a South Korean company called Bluehole — whose titles Chinese regulators are apparently reluctant to approve. Tencent is scheduled to release its second quarter financial results on Wednesday. Analysts expects its revenue to grow nearly 40% to about 78-billion yuan, but net profit to be flat. Tencent’s profit is expected to suffer from Chinese regulators banning or delaying permission for new game releases. "Industry analysts said the delay may stem from China's unofficial economic sanctions against South Korea for...
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