From Wall Street Journal:



China’s internet sector is facing tougher regulations as the government proposes new rules for the online gaming industry. This has led to a significant drop in market value for gaming giants Tencent and NetEase, with Tencent experiencing its biggest tumble in over a decade, losing $46 billion in market value. The proposed regulations aim to restrict incentives for players to spend more time and money on online games, as part of China’s efforts to combat gaming addiction. This comes after the government previously froze new game approvals and launched investigations into gaming content. The article highlights the challenges facing China’s internet sector as it navigates increasingly stringent rules and regulations.



Original: Tencent Rocked by China’s New Boss Level