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Fear of being hit, Tencent's stock price hits its biggest decline in 10 years. Business and Economic News

Fear of being hit, Tencent's stock price hits its biggest decline in 10 years. Business and Economic News
justicenewsflash.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from justicenewsflash.com Daily Mail and Mail on Sunday newspapers.

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China's Tencent Vows Fresh Gaming Curbs After Spiritual Opium Report

China's Tencent Vows Fresh Gaming Curbs After Spiritual Opium Report
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Tencent tumbles after China media calls online gaming 'spiritual opium'

Tencent tumbles after China media calls online gaming 'spiritual opium'
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Tencent vows fresh video game curbs after media attack knocks shares

Tencent vows fresh video game curbs after media attack knocks shares By Brenda Goh and Samuel Shen Reuters SHANGHAI (Reuters) -China s Tencent Holdings Ltd said on Tuesday it would curb minors access to its flagship video game, hours after its shares were battered by a state media article that described online games as spiritual opium. Economic Information Daily cited Tencent s Honor of Kings in an article in which it said minors were addicted to online games and called for more curbs on the industry. The outlet is affiliated with China s biggest state-run news agency, Xinhua. China s largest social media and video game firm saw its stock tumble more than 10% in early trade, wiping almost $60 billion from its market capitalisation. The stock was on track to fall the most in a decade before trimming losses after the article vanished from the outlet s website and WeChat account.

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Asian Markets Mixed As Delta Virus Variant Fans Recovery Concerns

Asian Markets Mixed As Delta Virus Variant Fans Recovery Concerns
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