Tencent, the world’s largest gaming company and one of the biggest social media service owners, saw its stock plummet in 2018, costing investors as much as $271 billion in losses. Tencent shares are now seeing a massive recovery fueled by opportunities from “Fortnite” and “Apex Legends” in China’s booming gaming sector and improving sentiment in the domestic stock market.

Tencent Stock Rebounds 50% Compared to Last October Tencent’s share price has pumped over 8% this week alone. According to Bloomberg reporting and exchange data, Asian investors poured $304 million into Tencent stock on Monday. This compared to a dramatic low

The post Tencent Slashes at $271 Billion Stock Slump with Massive 50% Recovery appeared first on CCN

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