Revenue from onlinegames topped 25 billion yuan, up 6% year on year.
The company likens this to the "non-monetization of popular tactical tournament games" and the fact that five of seven new games they launched were towards the end of the quarter.
With the license freeze in place, the likes of Tencent and other companies that have lucrative partnerships with Western organizations like Blizzard have been seeing an impact on stock values.
Tencent tumbled on Thursday after reporting its first profit drop in a decade as Chinese authorities froze approval of digital games the company needs to make money. Although gaming revenue made up 40 percent of the revenue, it is also the business line that is causing the financial woes.
On Wednesday, Tencent said that it had "no clarity" on when it may get approval to start charging for its most popular game. The critics believed that the game is quite addictive, and hence, the company had to add in-game spending limits for underage account holders.
"For new game approvals, there will continue to be a drag", said Ms Alicia Yap, Citigroup Global Markets's head of pan-Asia Internet research.
Concerns about the competition and the increased regulatory oversight have weighed on the company's share price for months.
So keeping everything in context these apparent moves by the Chinese government are proving to be, more harmful to the developers and publishers as well as for the Chinese gaming industry, as well. The record was previously held by Gintama.
Hirokazu Koreeda's Shoplifters is reported to have extended its theatrical run in China to October 2.
The timing is particularly painful for the world's biggest gaming company. In Q2, Tencent Video's paying members reached 74 million, a striking 121% jump compared to the same period past year. The interesting parts of it are the details about Riot's declining playerbase and Tencent's own pursuit of mobile gaming, which have supposedly caused both companies to butt heads a few times in the past. Alibaba Group Holding affiliate Ant Financial was initially cheered for providing everyday people and small businesses with easier access to loans and other financial products.
The bill is aimed at rebuilding the US military by authorizing a total of $717 billion for military funding over the next year. It allows Trump to waive sanctions against countries that bought Russian weapons and now want to buy USA military equipment.
Salah's goal featured an important contribution from new signing Naby Keita , while Guinea's Keita was excellent throughout. If you lose 4-0, it's not to have any excuses but I think in football, two or three balls decide the score.
Police did say they found the bodies near where they found Shanann Watts' . "Her husband Chris Watts ", Rzucek said in the post . Frederick is in Weld County, about 15 miles southeast of Longmont. "Please keep Shanann's parents and brother in your prayers".
Traders will also watch out for India consumer inflation data for July due after market hours for further direction. Economic Affairs Secretary Subhash Chander Garg said external factors may ease going forward.
The device will measure the electromagnetic field of the Sun and determine the nature of the particles emitted by the star. The forecast shows a 60 percent chance of favorable weather conditions for launch - noted in NASA.
Case Keenum , who signed a two-year contract with Denver in March, is now listed as the Broncos starter. They don't know everything. "And when your time's called, you better be ready to step up and go".
Trump said that Patton's words "still ring true", noting that the American military was the most powerful in the world. President Donald Trump made no mention of Senator John McCain who has been one of the president's fiercest critics.
Washington says negotiating a tougher nuclear deal than the one sealed in 2015 is Iran's only escape-route from the sanctions. "As we saw in the past, consumers are hit by the most in trade wars, which increase products' prices".
What is the treatment for measles? Measles can be prevented with the MMR vaccine, which also protects against mumps and rubella. The total number of cases that year is the highest number since measles elimination was declared in the U.S. in 2000.
Sarah Huckabee Sanders, Trump's press secretary, insisted on Wednesday the White House wasn't targeting only Trump critics. Trump, often critical of the Mueller investigation, told the newspaper it is a "rigged witch hunt. a sham".
On Sunday, Johnson seemingly disregarded the move, urging British businesses directly to cut ties with Iran. European companies face possible U.S. sanctions if they continue to trade with Iran.
Aretha Franklin's funeral will be four-day event in Detroit
Her first secular album, Aretha: With The Ray Bryant Combo, featured her first Billboard Hot 100 single, "Won't Be Long". In an excellent tribute in the Providence Journal , Andy Smith describes a phone interview he did with Franklin in 1997.
Imran Khan elected Pakistan’s 22nd Prime Minister
Activists from the Jamiat Ulema-e Islam party protest against alleged election rigging in Peshawar , Pakistan, on July 27, 2018. He appreciated the PPP for not voting Pakistan Muslim League-Nawaz (PML-N) President Shehbaz Sharif.
US Threatens More Turkey Sanctions if Pastor Not Released
Erdogan has said Turkey needs to find "new friends" because of the row with the its North Atlantic Treaty Organisation ally. French President Emmanuel Macron (L) meets Turkish President Tayyip Erdogan (R) in New York, US on September 19, 2017.
Donald Trump Mocks 'Fake News Media' as ‘Opposition Party’
In its editorial, the New York Times wrote there was nothing wrong with being critical of the media but said there was a line. But, he said , the newspaper values independence - a sentiment that was shared by the Los Angeles Times .
Tom Arnold's "Hunt for the Trump Tapes" drops new trailer
Lara Trump says, "It sounds a little like, obviously, that there are some things you've got in the back pocket to pull out. Frederica Wilson , D-Fla., accused Trump of being insensitive to the widow of a soldier killed in a 2017 ambush in Niger.
Afghan forces claim control of embattled city from Taliban
The move was welcomed by some in Kabul , where pressure is mounting to engage the insurgents and end the almost 17-year-old war. Washington neither confirmed nor denied the meeting, but acknowledged Wells was in Qatar, where the Taliban maintain an office.
Rogers re-match sees Halep overcome Garcia to set up Barty semi
Yet Halep saved two set points, and two more in the tie-break, before eventually taking the opener after 70 punishing minutes. I'm happy to be back in North America and playing on hard courts, and I'm hoping for some more good results", said Stephens.
Juventus Match Abandoned After Fans Mob Ronaldo
Juventus went on to win 5-0 against their youth team, but viewers weren't all that impressed by Ronaldo's contribution. But minutes later a huge swarm of fans invaded the pitch and the game was subsequently abandoned.