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Chinese regulatory squeeze weighs on gaming shares worldwide

September 10, 2021
Source: channelnewsasia.com channelnewsasia.com
News Snapshot:
SHANGHAI: Chinese gaming and related shares skidded on Thursday, dragged down by an ongoing regulatory squeeze that has engulfed industries ranging from online platforms and entertainment to for-profit tutoring and real estate. In the latest blow to China's online gaming sector, the South China Morning Post reported on Thursday afternoon that Beijing had temporarily suspended approvals of new games, further hitting shares in Tencent Holdings and NetEase. The publication later corrected its story to say China had temporarily slowed down, rather than suspended, approval for new online games. Shares in the two companies closed more than 8 per cent and...
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Tags: Beijing | boycott | China | Chinese | Economy | entertainment | Europe | France | Gadgets & Electronics | Guangdong | Internet | investment | media intelligence | NetEase | News Media | online game | Propaganda | real estate | revenue | Shanghai | Shenzhen | Software | stocks | technology | Tencent

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