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Top related persons:
Nomura - 1 NetEase - 1
Top related locs:
Suqian Jiangsu Province China Hong Kong Tencent
Top related orgs:
China's National Press - 1

Search resuls for: "China's National Press"


2 mentions found


☆ Tencent, NetEase shares rebound after China regulator's assurance on new online gaming rules
  + stars: | 2023-12-27 | by ( Clement Tan | ) www.cnbc.com   time to read: +1 min
A mobile phone is displaying the screen of Tencent Games company's stock plunge in Suqian, Jiangsu Province, China, on December 22, 2023. Chinese online gaming stocks rose Wednesday, recovering some losses from the previous session after the country's top gaming regulator pledged to "further modify and improve" draft rules aimed at curbing excessive online gaming and spending. On Saturday, China's National Press and Publication Administration also vowed in a WeChat statement to "carefully study" the concerns of stakeholders — a day after fresh rules that it proposed sank the Hong Kong-listed shares of Tencent, NetEase and Bilibili. The regulator, which also controls the publication of new games in the world's largest online gaming market, then said Monday that it approved more than 100 new domestic games, after saying Friday that it approved 40 imported games. On Wednesday, NetEase shares surged as much as 14% in early trading as Hong Kong markets returned from the Christmas holidays.
Persons: Nomura, NetEase Organizations: China's National Press Locations: Suqian, Jiangsu Province, China, Hong Kong, Tencent
☆ China is showing signs its intense crackdown on the video game sector is easing
  + stars: | 2022-11-23 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +1 min
Chinese regulators have increased scrutiny on the domestic game sector over the past year and a half. But new batches of game approvals and positive steps on improving gaming addiction among kids under 18 years old, could be positive signs that the crackdown is easing. Beijing is showing signs that its intense crackdown on the domestic video games sector could be easing which may be bullish for Chinese tech giants including Tencent and NetEase . Regulators have been concerned for some time about gaming addiction among minors. The report said more than 70% of minors play games for less than 3 hours a week, and the problem of minors' game addiction has "achieved a step toward resolution," according to a CNBC translation.
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