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Tencent under cloud after Communist Party blasts hit game

Market leery of limits for minors across industry

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Tencent Holdings is in the hot seat over its supposedly addictive hit game.   © Reuters

HONG KONG -- Tencent Holdings' latest hit mobile game has been accused in China's official Communist Party newspaper of fostering addiction with gruesome consequences for the country's youth, putting investors on alert for a hit to corporate earnings and impacts for game makers more broadly.

The Chinese internet giant's digital empire is centered on the more than 900 million users of the smartphone chat app WeChat. Thriving on its frontier is "Honor of Kings," a hit mobile game with some 80 million daily users -- around one in every 17 Chinese residents.

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