New rules to limit the development of online games, including an unspecified cap on spending by adult players.
Additional restrictions include a ban on rewards for frequent log-ins and forced player-duels, and even a prohibition on content that violates national security.
Tencent (0700) slid as much as 16 percent - its biggest intraday fall since 2008 - while NetEase (9999) dived a record 28 percent at one point on Friday.
Still, the country approved 105 domestic games on Monday, including those operated by Tencent and NetEase, an indication that Beijing is softening its stance.
A slew of smaller gaming companies have announced share buybacks but their share performance remained mixed yesterday in the A-shares market.
Source: Bloomberg
https://www.thestandard.com.hk/section- ... ek-rebound