The Business Times
business-time-50
HOCK LOCK SIEW

Market rout shows regulating China’s video gaming is no child’s play

google-preferred-sourceAdd BT as a preferred source
Megan Cheah

Megan Cheah

Published Wed, Jan 10, 2024 · 05:00 AM
    • Tencent Holdings and its smaller peer NetEase lost an estimated combined US$80 billion in market value before the Hong Kong Stock Exchange closed for the Christmas weekend.
    • Tencent Holdings and its smaller peer NetEase lost an estimated combined US$80 billion in market value before the Hong Kong Stock Exchange closed for the Christmas weekend. PHOTO: REUTERS

    VIDEO gaming-related companies in China tumbled ahead of the Christmas weekend, after authorities signalled a clampdown on online games.

    China’s National Press and Publication Administration on Dec 22 announced proposed draft rules aimed at limiting time spent on online games as well as curbing rewards players receive for logging in daily.

    Such incentives are typically employed to entice players to spend money in the game, and are seen as likely to induce game addiction.

    Hock Lock SiewTencentChinaNetEasevideo gaming

    TRENDING NOW

    Vertical solar panels integrated into buildings are cited as one of several examples of green pathways that data centres can adopt.

    Singapore’s new data centres must use renewables. Can they overcome the hurdles?

    Dr Tan See Leng’s private-sector experience has enabled him to speak with authority about challenges entrepreneurs face, and what can be done for them, says PM Lawrence Wong.

    PM Wong wants more private-sector leaders like Tan See Leng in Cabinet amid succession challenge

    Singer Dolly Parton at the launch of her Imagination Library book project at the Magna Centre in Sheffield, England, on Dec 5, 2007.

    Dolly Parton’s former California retreat returns to the market

    According to Canadian Prime Minister Mark Carney, the Trump administration wants a say in Canada’s trade negotiations with other countries.

    Will the US-Canada tariff war irrevocably damage bilateral ties?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More