Tencent Counts Kim Kardashian Game Maker Among Losing Investments


The game based on the reality TV star’s life just can’t keep up.

App developer Glu Mobile, which created the “Kim Kardashian: Hollywood” role-playing mobile game in 2014, has fallen most out of 11 known listed investments tabulated by Bloomberg. Its share price has dropped almost 60% since Tencent Holding’s $126 million investment 16 months ago and 3.7% year-to-date.

Six of the 11 companies surveyed have fallen since Tencent’s investments from between 2011 and June this year. Tencent has at least a 5% stake in each of them. China’s largest internet company has been investing aggressively in add-ons from maps to mobile games to complement its WeChat and QQ social network services. Its strategy seems to be paying off for now — earlier this month, its second-quarter sales and net income beat analysts’ estimates, and the shares rose to a new record.

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