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Shares of Chinese video game companies fall due to state pressure for the addiction of minors

September 10, 2021
Source: marketresearchtelecast.com marketresearchtelecast.com
News Snapshot:
Shares of giant Chinese video game developers plummeted on Thursday, dragging the Hong Kong Stock Exchange index into its decline, reacting to government pressure against the addition of minors to video games and cult of profit . Tencent shares fell 8.48% and NetEase 11% in one day. The titles of other big tech companies also fell: Meituan (-4,75%) Xiaomi (-3.67%) and Alibaba (-5,79%). Weighed down by these dynamics, the Hang Seng index of said stock decreased 2.3% , unable to be compensated by the performance of other sectors. Quote: s turned red on news that Chinese regulators they summoned the...
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Tags: addiction | Alibaba | children | China | Chinese | CNBC | education | game | games | gaming | Giant | government | Hang Seng | health | Hong Kong | Hong Kong Stock Exchange | medicine | NetEase | online game | online shopping | stock exchange | technology | Tencent | Xiaomi | Xinhua

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