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Chinese gaming and ‘metaverse’ shares battered by regulatory squeeze

September 10, 2021
Source: fijitimes.com fijitimes.com
News Snapshot:
Chinese gaming and ‘metaverse’ shares battered by regulatory squeeze 10 September, 2021, 4:24 am Chinese gaming and “metaverse”-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 the likes of Tencent Holdings (0700.HK) and NetEase (9999.HK) . read more Shares in the two companies fell more than 8% and 13% respectively....
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Tags: addiction | ban | Beijing | boycott | CEO | China | Chinese | entertainment | game | games | gaming | Internet | investment | IT | NetEase | news | online | online game | profit | real estate | report | stocks | technology | Tencent | Xinhua

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