Editor’s note: A version of this post by Liao Shumin first appeared on Yicai Global.

Tencent Holdings Ltd. [HKG: 00700] share price plunged over four percent yesterday following an article on people.cn, criticizing the internet giant’s mobile game Honour of Kings. The WeChat account of Tencent’s official website responded at top speed. The producer of the game Li Min said that recreation indeed needs to be regulated, but guidance may be better than restriction. He also added the people will not regard the game as a disaster to be criticized.

Recently, Tencent has faced some negative opinions after consecutive new peaks of its stock price. On Tuesday, the company saw a sharp plunge in its share price, and the decline continued in the afternoon. With a 4.44 percent decrease, the price dipped to HK$ 266.4 ($34) – the minimum value that day. The market value of Tencent was reduced by around HK$ 208.5 billion, compared with the value when its share price was at a new peak on June 27.

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Yicai Global

Yicai Global is the English-language financial news service of Shanghai Media Group and is one of just two dedicated Chinese news feeds connected to the Bloomberg terminal.