Tencent

The report triggered a plunge in the share prices of Hong Kong-listed companies with gaming businesses. Tencent Holdings and NetEase fell more than 10 percent, and CMGE fell more than 21 percent.

Tencent's NFT trading software "Huanhe" (literally means phantom core) app has been launched, with a limited edition of 300 digital collectibles of NFT on sale.

Tencent's social networking software WeChat has closed its new user registration portal for personal accounts, saying it is undergoing a technical upgrade.

Chinese social media and gaming giant Tencent invests in an average of one gaming studio every 3.8 days, data provider Qichacha said in a recent report.

The stock went up by 40.59 percent to 503.32 pence on the news as of press time.

Tencent said Friday that it has some attempts at chip development in specific areas, such as AI acceleration and video codecs, based on some business needs, but not general-purpose chips.

After Baidu and Alibaba, Chinese tech giant Tencent is also starting to enter the chip design field.

Chinese life service app Meituan has raised nearly $400 million from Tencent in a stock offering to further fuel its business expansion.

Following the latest news, Tencent's shares traded quickly higher in Hong Kong, rising 4 percent to HK$556.

Honor of Kings and Game for peace are all popular games from Tencent, and behind this is the company's near-frenzied investment.