Friday, 24 March, 2023

As China tightens gaming restrictions, Tencent leads losses of $ 60B

<p>With Chinese regulators taking a tough stance on the world&#39;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.</p>