The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Tencent and NetEase shares fall as China urges end to profit focus in gaming

News Snapshot:

Chinese equities updates Sign up to myFT Daily Digest to be the first to know about Chinese equities news. Shares in Tencent and NetEase fell sharply after authorities ordered the Chinese technology companies to pivot from focusing on profits in online gaming and on reports that Beijing had halted approvals for new games. China’s two leading gaming companies were summoned for talks on Wednesday in Beijing, in which top officials asked them to “profoundly understand the importance and urgency of preventing minors from online game addiction”, according to Xinhua, the state news service. Hong Kong-listed shares in NetEase and Tencent…

Other China Tech Buzz: