“All gaming companies must strictly enforce the notice orders and implement minor gaming time restrictions when providing online games to them and must not provide any online gaming account rental or transaction services to minors in any way. “Regulators said according to a statement collected by the Xinhua agency. Such measures accelerated the massive sale of shares, according to a report published by Bloomberg, which points to the nervousness of investors before the government campaigns to control the digital industries, which also include e-commerce, mobility and social networks. This Thursday, Tencent, owner of major titles such as League of Legends, reported a drop of 8.5%, which is the steepest since July. Netease, meanwhile, plunged 11% due to government stances. Additionally, Prosus NV, Tencent’s largest shareholder, fell 6.6% and parent company Naspers fell 8.3%. A precedent of this nature was recorded in 2018 for Tencent, when a ten-month freeze on monetization licenses, also aimed at combating addiction and myopia among children, generated a drop of $ 200,000 in its market value in that time. moment.
CNY - Chinese Yuan Renminbi