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Asia’s gaming stocks plunge after China tightens rules for young video gamers

September 1, 2021
Source: intellasia.net intellasia.net
News Snapshot:
[Asia’s gaming stocks plunge after China tightens rules for young video gamers] Shares of a number of leading game industry companies fell on Tuesday (August 30) after China announced new rules forbidding minors from playing more than three hours of video games a week. Tencent was among the hardest hit, with its share price dropping nearly 3 percent on Tuesday, as gaming contributes to about 60 percent of its total revenue, according to a Reuters report. Jefferies analysts said on Monday they predict Tencent’s smaller rivals like NetEase will also sustain losses, though not as much as the industry leader....
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China Tech Buzz Topics: China | Chinese | game | games | gaming | investment | Japan | Korean | NetEase | news | online game | report | Reuters | revenue | share | shares | South Korea | stock | stocks | Tencent | Three | Tokyo | Total | video

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