Naspers and Prosus shareholders won’t quickly recover hundreds of billions in value lost over the past two years.
In mid-September Tencent announced it had secured its first video gaming licence in 15 months. You might not have heard about it. Defence of Health is a tame “new China” affair, which seems to have excited investors about as much as it did management.
It’s a health-related educational game and as much unlike Tencent’s earlier money-spinning hit Honor of Kings as could be imagined...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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