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NetEase, Inc (NASDAQ: NTES) stock is trading higher Tuesday as China ratified 105 domestic games following recent industry restrictions triggering an $80 billion market slide. The Chinese regulator-approved titles included games from gaming giants Tencent Holdings Ltd (OTC: TCEHY) and NetEase. Last week, the National Press and Publication Administration (NPPA) implemented fresh guidelines. These regulations impose spending limits for adult players, prohibit specific in-game rewards, ban mandator ....
Chinese officials rekindled fear that they will start another round of tech crackdowns after top gaming regulator National Press and Publication Administration announced on Friday new rules to limit the development of online games, including an unspecified cap on spending by adult players. ....
The titles included those operated by Tencent Holdings and NetEase, China’s two leading game publishers that have been pummeled by Beijing’s new rules ....
Shares of NetEase, Inc. (NASDAQ:NTES – Get Free Report) have earned a consensus recommendation of “Buy” from the five research firms that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have issued a report on the […] ....
The Chinese government drafts new gaming regulations that could significantly shake up the microtransaction-driven $184 billion dollar video games market. ....