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Recent Government Ban In China Cracks Down On Gaming Time, While Also Plummeting The Stock Of China’s Gaming Behemoths

September 10, 2021
Source: psu.com psu.com
News Snapshot:
The Chinese government and their recent policy regarding video games has been the subject of conversation for some time now, and while the ban is still young it seems that an overnight stock selloff saw Tencent and NetEase lose a combined $60 billion. The news comes from website Kotaku , who notes that the value these companies lost is about eight times what Microsoft paid for Zenimax Media when they purchased them and Bethesda along with every other studio in that deal in one fell swoop. The recent bans limiting children under 18 from being able to play games save...
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Tags: ban | boycott | children | China | Chinese | development | game | game development | games | gaming | government | IT | media | Microsoft | NetEase | news | online game | Playstation | profit | report | stock | Tencent | video | website

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