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Tencent Stock Dips After Chinese Media Calls Video Games "Spiritual Opium"

August 4, 2021
Source: gamespot.com gamespot.com
News Snapshot:
Tencent Stock Dips After Chinese Media Calls Video Games "Spiritual Opium" Tencent's stock price took a dip after a state-owned media outlet in China called video games "spiritual opium" due to minors experiencing "gaming addiction." Tencent's stock has taken a dip after a state-run news agency in China said video games are like "spiritual opium" or "electronic drugs." As reported by WSJ and Bloomberg , Tencent's stock fell about 11% after The Economic Information Daily ran an article blasting gaming in reference to a student who said he played Tencent's game Honor of Kings eight hours a day. The Economic...
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