On June 22, 2026, the stock price of the Chinese giant Tencent fell by 7.1%, as noted by Bloomberg. The last time it decreased by a larger percentage in a single day was nearly a year and a half ago, in April 2025.
Honor of Kings
In a statement to Bloomberg, BNP Paribas financiers speculated that stock market investors reacted to rumors about Tencent's gaming difficulties. According to them, information recently spread online that the company's mobile games revenue had declined, which could affect its quarterly results. Tencent did not comment on the rumors.
Interestingly, alongside the drop in Tencent's stock price, shares of some other Chinese gaming companies also fell. For instance, the market capitalization for NetEase and XD decreased by 6%, and the Hang Seng Tech Index, which covers the 30 largest tech companies on the Hong Kong Stock Exchange, fell by 3.5%.
Previously, the analytics company Sensor Tower named Tencent the world's highest-grossing mobile game publisher for the first half of 2026. According to their estimates, from January to June, mobile games from Tencent's portfolio generated a total of $5.03 billion — roughly the same as the previous year. However, they also reported that in June alone, the revenue of Honor of Kings, Tencent's leading mobile hit, decreased compared to last year. Nevertheless, it started to grow again at the end of the month.
Some official data may appear in Tencent's next financial report, which is scheduled for release on August 12.