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<Research>M Stanley: TENCENT's DNF Launch in May Is One of Largest Title Launches in Recent Yrs; 1st-yr Rev. Expected to Be RMB10B
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TENCENT (00700.HK)'s Dungeon & Fighter (DNF) mobile game with a South Korean game company, Nexon, is scheduled to be released in China on 21 May, Morgan Stanley released a research report saying. The launch is one of TENCENT's largest title launches in recent years, and should be one of the key catalysts for 2Q24 inflection point in its domestic game business, which is expected to generate up to RMB10 billion in fist-year total revenue, Morgan Stanley said. AAStocks Financial News |
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