Tencent

WeChat had 1.24 billion combined monthly active accounts in the first quarter, up 3.3 percent year-over-year and up 1.4 percent from the previous quarter, according to Tencent's earnings report for the first quarter.

Tencent has imposed further restrictions on minors' game spending, with its most popular game Honor of Kings releasing new rules on Wednesday that show users under the age of 12 are banned from topping up in the game.

Tencent's Platform and Content Group (PCG) is internally testing a Discord-like social app for gamers called NokNok, or "KK" as it is known internally.

Tencent on Tuesday announced new measures to reduce the impact of games on minors, amid a renewed focus on the topic.

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.