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China’s Three-Hour Video Game Restriction on Kids in China Plumps Tencent and NetEase Stock Prices

Source: aroged.com aroged.com
News Snapshot:

Shares in Chinese gaming companies such as Tencent and NetEase fell after a local regulator banned underage users from playing video games for more than three hours a week. During the day in Hong Kong, NetEase lost 2.9%, while Tencent lost more than 3%, but later recovered slightly. According to analysts, the latest restrictions of the Chinese regulator are unlikely to have a serious impact on the giants of the gaming segment. Perhaps this is one of the reasons why Tencent’s share price began to recover from the fall. Recall that earlier this week, China’s National Press and Publication Administration…

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