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Tencent, Netease shares plummet on new China online gaming guidelines

Byomshreeinfotech

Dec 22, 2023 #Asia Economy, #Breaking News: Asia, #business news, #NetEase Inc, #Tencent Holdings Ltd

Tencent, Netease shares plummet on new China online gaming guidelines

Numerous individuals watch the reside broadcast of the 2023 League of Legends Global Finals in Yantai, Shandong Province, China, Nov 19, 2023. (Photo by Costfoto/NurPhoto by way of Getty Images)

Nurphoto | Nurphoto | Getty Images

Tencent and Netease shares plunged on Friday after China launched draft guidelines aimed toward curbing incentives that will result in extreme gaming and spending.

Tencent shares dived greater than 12%, whereas Netease slumped over 25%.

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By omshreeinfotech

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