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Tencent shares plummet on fears of China gaming crackdown, Companies & Markets News & Top Stories

August 4, 2021
Source: straitstimes.com straitstimes.com
News Snapshot:
SHANGHAI (REUTERS) - China's Tencent Holdings said on Tuesday (Aug 3) it would further curb minors' access to its flagship video game, hours after its shares were battered by a state media article that described online games as "spiritual opium". Economic Information Daily cited Tencent's "Honor of Kings" in an article in which it said minors were addicted to online games and called for more curbs on the industry. The outlet is affiliated with China's biggest state-run news agency, Xinhua. The broadside re-ignited investor fears about state intervention after Beijing had already targeted the property, education and technology sectors to...
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