Shares Of Tencent And NetEase Nosedive After China Proposes New Online Gaming Restrictions

ToplineA Chinese government regulator released new draft regulations targeting spending and engagement on online games on Friday, causing listed shares of major domestic gaming giants to crater amid fears of another crackdown on video games in one of the world’s largest markets for the medium.File Photo: People play online video games in a game arcade in Beijing, China.Getty Images Key FactsThe new draft rules published by China’s National Press and Publication Administration seek to limit the amount of tim ...