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Chinese state media calls gaming ‘opium,’ slamming stocks

News Snapshot:

Chinese state media on Tuesday slammed online games as “spiritual opium,” sending stocks of the country’s largest video game company tumbling. Economic Information Daily — a newspaper affiliated with China’s biggest state news agency, Xinhua — made the provocative comparison in an article in which it said young people in China were addicted to online games and called for a crackdown on the industry. The story specifically called out “Honor of Kings,” a popular online game created by Tencent, the country’s largest video game developer. “‘Spiritual opium’ has grown into an industry worth hundreds of billions,” the newspaper wrote. ”No…

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