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Greed Index

Who makes it · Developer and publisher

Tencent

Based in Shenzhen, Guangdong, China Founded 1998

Tencent is a Chinese technology conglomerate that runs WeChat and QQ and publishes games such as Honor of Kings and PUBG Mobile. It owns Riot Games, controls Supercell and Miniclip, and holds stakes in many other game companies including Epic Games. It earns money mainly from in-game purchases, social and media services, advertising and payments.

Track record WatchWorst badge: Worth knowing
On the record 8dated events, each with a source
In the guide 0games it made or published

Track-record badges

What stands out, worst first

  • Competition law

    Competition-law action

    China's market regulator (SAMR), July 2021: blocked the Tencent-backed Huya–DouYu merger and ordered Tencent to give up exclusive music licensing rights (fined 500,000 yuan); January and July 2022: fined it for failing to report 21 deals in advance.

Track record

What's on the record, newest first

  1. Court case

    Brazilian first-instance court ordered R$50 million in loot-box damages, subject to appeal

    In public civil actions brought by the child-rights group ANCED, the 1st Children and Youth Court of Brazil's Federal District ordered Tencent to pay R$50 million in collective moral damages over loot boxes, according to Brazil's Ministry of Justice. The ministry listed Tencent with Apple and Microsoft, also ordered to pay R$50 million each, among companies operating game distribution platforms and ecosystems; its note does not name the Tencent games involved. It is a first-instance ruling: the ministry said the rulings are still subject to appeal, so the case is pending.

    Brazil Ministry of Justice and Public Security (Technical Note 55/2026)
  2. Other

    Added to US list of companies said to aid China's military

    The US Department of Defense added Tencent to its Section 1260H list of companies it says work with China's military. Tencent called the listing "clearly a mistake" and said "We are not a military company or supplier." The listing is not a sanction or court finding.

    Voice of America (Reuters report)
  3. Regulator action

    Fined for failing to report 12 more acquisitions

    China's State Administration for Market Regulation published penalties over 28 deals that had not been reported to it in advance for antitrust review, 12 of which involved Tencent. Bloomberg reported that Tencent's fines totalled 6 million yuan; the maximum fine per case under the anti-monopoly law was 500,000 yuan.

    Bloomberg Law
  4. Regulator action

    Fined for failing to report acquisitions to regulator

    China's State Administration for Market Regulation fined Tencent RMB 4.5 million (500,000 yuan per deal) for failing to report nine merger deals in advance. The regulator said the deals did not restrict competition.

    KrASIA
  5. Court case

    Sued by Beijing prosecutors over WeChat youth mode

    Beijing's Haidian District People's Procuratorate filed a civil public-interest lawsuit against Tencent subsidiary Shenzhen Tencent Computer Systems, alleging that WeChat's 'youth mode' did not comply with laws protecting minors. The claims are allegations; no court ruling was found in the sources reviewed.

    Reuters
  6. Regulator action

    Ordered to end exclusive music licensing deals and fined

    China's State Administration for Market Regulation found that Tencent's 2016 acquisition of China Music gave it control of more than 80% of exclusive music library resources. It ordered Tencent to give up exclusive music rights within 30 days, report on compliance for three years, and fined it 500,000 yuan. Tencent said it would comply.

    CNBC
  7. Regulator action

    Chinese regulator blocked merger of Tencent-backed streaming sites Huya and DouYu

    China's State Administration for Market Regulation prohibited Tencent's plan to merge Huya and DouYu, the country's two largest video game live-streaming sites, after reviewing concessions Tencent had offered. It said the merged company would hold more than 70% of the game live-streaming market and would strengthen Tencent's dominance, as Tencent already had more than 40% of online game operations. Tencent said it would abide by the decision, and Huya, DouYu and a Tencent subsidiary terminated the merger agreement on 12 July 2021.

    Reuters (via The Daily Star)
  8. Regulator action

    PUBG Mobile and other Tencent apps banned in India

    India's Ministry of Electronics and Information Technology blocked 118 mobile apps under section 69A of the Information Technology Act, saying they were engaged in activities prejudicial to India's sovereignty and integrity, defence, state security and public order, and citing complaints that apps sent users' data to servers outside India. The list included PUBG Mobile, PUBG Mobile Lite, Arena of Valor and Tencent apps such as WeChat Work and Tencent Weiyun. On 8 September 2020 PUBG Corporation said it would no longer authorise Tencent Games, which had run PUBG Mobile in India, to publish the game there.

    Press Information Bureau, Government of India

Settlements are often made without an admission of wrongdoing; we say so where it matters. Follow each source for the full detail.

Games in the guide

What Tencent made or published

No games in the guide are linked to Tencent yet.

Last checked 2 November 2026. Sources: www.cnbc.com, www.reuters.com, giga.law, kr-asia.com, voanews.com, www.gov.br, www.lickslegal.com, en.wikipedia.org, en.wikipedia.org, en.wikipedia.org, pib.gov.in, www.thejakartapost.com, www.theregister.com, www.thedailystar.net, www.sec.gov, news.bloomberglaw.com, insideretail.asia. Spotted something wrong or missing? Send a correction.