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Why Are Tencent And NetEase Shares Up Today? Hint: It Has To Do With Chinese Goverment Gaming Regulations
Tuesday, January 23, 2024 - 4:56pm | 433China's gaming regulator has removed proposed rules from its website that aimed at curbing spending and rewards in video games. The removal from the National Press and Publication Administration's (NPPA) page was spotted by Reuters on Jan. 23. The draft rules, announced last month, had...
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Tencent's Chief Exploration Officer Steps Down Amid China's Gaming, Tech Crackdown
Friday, December 29, 2023 - 11:51am | 310Tencent Holdings Ltd.'s (OTC: TCEHY) Chief Exploration Officer, David Wallerstein, is stepping down from his management role amidst China's crackdown on technology and gaming companies. Transitioning to a senior adviser role from Jan. 1, Wallerstein aims to focus on topics like climate and...
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Tencent Responds To China's Crackdown On Video Gaming, Doesn't Anticipate Changes
Friday, December 22, 2023 - 3:14pm | 504China's top gaming regulator unveiled surprise draft rules targeting overspending and excessive online gaming during the Christmas period. What Happened: New rules will impose spending limits on in-game purchases, forbid rewards for frequent log-ins, and ban content affecting national security...