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The $45 billion Chinese internet gaming market has been struck hard by new regulations. The $45 billion online gaming business in China has taken a hit due to plans to cut spending and regulate the industry.
China s video game regulator, the National Press and Publication Administration, came up with a more conciliatory tone and approved new licenses for 105 domestic online games for December.
Intel shares extend gains while Apple stock has declined for four straight sessions. A report says Tesla plans a revamped version of the Model Y from its.
Tencent Holdings: But following dramatic tumbles in gaming stocks, China s video game regulator - the National Press and Publication Administration - has struck a more conciliatory tone, saying it would improve the rules by "earnestly studying" public views. It then approved new licenses for 105 domestic online games for December - more than the average month.