With Chinese regulators taking a tough stance on the world’s biggest gaming industry, investor fears have led to losses of up to $60B in value for Tencent Holdings and Netease Inc. Announcements by regulators declaring that China will slow down approvals for all online games also accelerated a stock selloff by investors, contributing to further losses. Amidst the crackdown on tech firms, investors are concerned, and the industry may face more losses.

Source: Business Times