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Shares slide after China brands online games 'electronic drugs'

August 4, 2021
Source: anewsa.com anewsa.com
News Snapshot:
|"No industry, no sport, can be allowed to develop in a way that will destroy a generation," it said before going on to liken online games to "spiritual opium". (Photo by= Bertha Wang)| [Asia News = Reporter Reakkana] Shares in two of China's biggest online gaming firms have slipped after a state media outlet called them "electronic drugs". BBC reported that Tencent and NetEase shares fell more than 10% in early Hong Kong trade before regaining some of those losses. Investors are increasingly concerned about Beijing cracking down on firms. In recent months authorities have announced a series of measures...
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Tags: ASIA | Beijing | children | China | Chinese | drugs | Economy | education | Gadgets & Electronics | game | games | gaming | Hong Kong | Honor | IT | KONG | media | NetEase | news | News Media | online game | Propaganda | technology | Tencent | Xinhua

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