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Caixin

Huawei and Tencent aren't playing around over mobile game revenue

But New Year's drama ends in maintenance of 50-50 split as negotiations continue

Analysts have linked the companies' quick compromise to China’s high-level crackdown on monopolistic behavior in the internet sector.   © Reuters
GUAN CONG, ZHANG ERCHI and QU YUNXU, Caixin | China

About an hour after the clock struck midnight to usher in 2021, Huawei Technologies dropped a bombshell.

The firm announced it had suspended cooperation with Tencent Holdings on mobile game, and would for the time being remove all the firm's gaming offerings from its app -- even smash hit "Honor of Kings."

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