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Tencent tumbles as China curbs gaming to 1 hour per day and freezes new titles

on Aug 31, 2018 | 0 comments

By John Glenday

Chinese conglomerate Tencent has taken a battering after authorities declared that they would be introducing a fresh round of restrictions designed to both limit gamers. As a result, daily gaming hours and the volume of available online games will be reduced.

The pincer movement sent shares in Tencent, now the largest video game company in the world, sliding 5% as investors fretted at the potential impact of moves to curb video game addiction in the country. Analysts fear that a tightening regulatory noose will further restrict Tencent’s ability to monetise, an area it was already Read full story ›

Source: The Drum