Tencent, Netease shares plummet on new China online gaming guidelines

In this article9999-HKChina's first offline esports experience hall Tencent V-Station, Shanghai, China, October 31, 2020.Costfoto | Future Publishing | Getty ImagesTencent lost about $43.5 billion in market value on Friday after China surprised financial markets with a fresh set of rules aimed at curbing excessive gaming and spending.The draft guidelines from China's National Press and Publication Administration sank the Hong Kong-listed shares of Tencent, NetEase and Bilibili — among the largest online gam ...