HONG KONG - China unveiled a raft of new measures to rein in spending on online games, signalling the start of another industry crackdown that wiped out roughly US$42 billion (S$55.8 billion) of Tencent Holdings' value.
Beijing's top gaming regulator on Dec 22 published draft rules broadly designed to clamp down on practices that encourage players to spend more money and time online. Among other things, they include a ban on rewards for frequent log-ins, forced player duels and a vague prohibition on any content deemed to violate state secrets.
The sweeping restrictions, which likely surprised industry players and investors, suggest Beijing is getting ready to launch another crackdown on the world's largest mobile gaming arena.
Tencent slid as much as 16 percent - its biggest intraday fall since 2008 before closing down 12.4 percent. Its smaller rival NetEase dived 28 per cent before it ended down 24.6 percent. Nexon, which derives a chunk of its revenue from China, fell 11.9 percent. Bilibili, a social media service popular with gamers, fell 9.7 percent.
この記事は The Straits Times の December 23, 2023 版に掲載されています。
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この記事は The Straits Times の December 23, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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