Tencent shed $15.1bn in market value on Tuesday after the Chinese technology group started limiting the time children spend on its number one game.
Honour of Kings is the top-grossing mobile game, generating revenues of about Rmb6bn ($876m) for Tencent in the first quarter of this year, according to estimates by analysts, who say more than 50m people play the game daily.
The time limits follow criticism from authorities and the public that the hit game is too addictive — and have raised fears among investors that the company is in Beijing’s sights.
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