News that Chinese mobile giant Tencent would distribute King’s Candy Crush Saga on QQ and WeChat in China sent the recently-IPO’d company’s stock up more than three percent today. Shares rose 60 cents to 18.03 as of the closing bell before retreating a bit to 17.90 in after-hours trading. The partnership is noteworthy given Tencent’s large social-mobile footprint in China, with a combined 1.1 billion monthly active users on its two social platforms as of Q4 2013. A successful launch in China may turn around King’s Candy Crush revenue, which dropped off last quarter.
This article originally appeared on Recode.net.
We're here to shed some clarity
One of our core beliefs here at Vox is that everyone needs and deserves access to the information that helps them understand the world, regardless of whether they can pay for a subscription. With the 2024 election on the horizon, more people are turning to us for clear and balanced explanations of the issues and policies at stake. We’re so grateful that we’re on track to hit 85,000 contributions to the Vox Contributions program before the end of the year, which in turn helps us keep this work free. We need to add 2,500 contributions this month to hit that goal.
Will you make a contribution today to help us hit this goal and support our policy coverage? Any amount helps.
Yes, I'll give $5/month
Yes, I'll give $5/month
We accept credit card, Apple Pay, and
Google Pay. You can also contribute via
