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China: China to curb gaming spend; Tencent, NetEase plunge

The new rules, which will effectively set spending limits for online games, sparked panic among investors, wiping off nearly $80 billion in market value from China s two biggest gaming companies. ....

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China announces rules aimed at curbing spending limits for online games

The new rules sparked panic among investors, wiping off nearly $80-billion in market value from China’s two biggest gaming companies ....

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China Outlook 2024: D.C. Is Wrong – Transformed VCs Will Fund Tech Breakthroughs, Qiming's Gary Rieschel Says

“Chinese entrepreneurs are now looking at the overseas market much earlier in their life cycle,” long-time investor says ....

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HONG KONG Shares of Chinese gaming giants Tencent Holdings and NetEase plunged more than 15% and 28%, respectively, at one point in Hong Kong tradi ....

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Tencent: Shares in Tencent, NetEase plunge on China gaming plans

Shares in tech giants Tencent and NetEase tanked Friday after China released fresh plans to increase restrictions on online gaming. Tencent shares dropped more than 10 percent and NetEase collapsed more than 20 percent in reaction to proposals that would put limits on recharging in-game wallets and abolish features meant to increase gameplay. ....

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