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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.
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. ....
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. ....