Global Gaming Shares Dive After China Proposes Online-Gaming Curbs

Global Gaming Shares Dive After China Proposes Online-Gaming Curbs


Updated Dec. 22, 2023 6:50 am ET

Global gaming stocks sank after Beijing released draft regulations for the online game industry that included restrictions on incentives to play or spend more online.

Shares of Neteaseone of China’s major online gaming companies, fell some 25% in Hong Kong. Tencent Holdingsthe Chinese tech juggernaut that is also a domestic gaming giant, ended the day down more than 12%—wiping out $46 billion in market value and representing its largest one-day share loss since 2008.

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