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Business as usual for games? – Gadget

Business as usual for games? – Gadget
gadget.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gadget.co.za Daily Mail and Mail on Sunday newspapers.

Pan Gongsheng , Feng Shixin , People Bank , Administration Of Online , Publication Administration , Tencent Holdings , Party Publicity Department , National Press , Communist Party , Publicity Department ,

Chinese gaming stocks soar amid Beijing's apparent U-turn on strict gaming regulations

Chinese gaming stocks soared after news that the country's video game regulator had seemingly scrapped proposed rules aimed at curbing "obsessive" gaming. Proposals cause slump: In Dec. 2023, China's National Press and Publication Administration (NPPA) proposed stringent rules to curb excessive gaming, including limitations on in-game purchases, restrictions on daily log-in rewards and the introduction of pop-up warnings for "irrational" behavior. After the proposal, stock prices of Tencent Holdings and NetEase dove, with both gaming companies collectively losing nearly $80 billion in market value. ....

Feng Shixin , Central Propaganda Department , China National , Tencent Holdings , Publication Administration , National Press , Gaming Companies , National Press And Publication Administration , Egaming Firms ,

Chinese regulators retract gaming rule proposal after stock market turmoil

Chinese regulators have retracted a proposal to rein in spending on games, a reversal that comes after the original move battered stocks of video gaming champions including Tencent Holdings and NetEase. ....

New York , United States , Hong Kong , Luo Wen , Feng Shixin , Party Central Propaganda Department , Administration For Market Regulation , Communist Party , Central Propaganda Department , State Administration , Market Regulation , Video Games , Feng Shixin , Stock Market ,