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Tencent's Dungeon & Fighter Mobile Game Helps Drive China's Biggest Stock Boost

A hot new online game is refueling investor optimism for Tencent Holdings Ltd., driving China’s biggest stock boost of 2024.Its shares have rallied 28% so far this year with help from the strong debut of Dungeon & Fighter MobileBloomberg Terminal, adding $91 billion in market value, more than any other Chinese company. Improved regulatory and business climates in the company’s key markets are also helping drive expectations....

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