Opium, Video Gaming, Tencent Holdings And Netease Inc

Opium, Video Gaming

Tencent falls after China media calls online gaming 'spiritual opium'

Tencent falls after China media calls online gaming 'spiritual opium'

3/8/2021 5:34:00 AM

Tencent falls after China media calls online gaming 'spiritual opium'

Shares of online gaming companies, including Tencent Holdings and Netease Inc, tumbled on Tuesday after Chinese state media called the business ...

AdvertisementBusinessTencent falls after China media calls online gaming "spiritual opium"Shares of online gaming companies, including Tencent Holdings and Netease Inc, tumbled on Tuesday after Chinese state media called the business"spiritual opium".

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FILE PHOTO: A Tencent logo is seen at its booth at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 4, 2020. REUTERS/Tingshu Wang/File Photo03 Aug 2021 10:20AMShare this contentBookmarkSHANGHAI: Shares of online gaming companies, including Tencent Holdings and Netease Inc, tumbled on Tuesday after Chinese state media called the business"spiritual opium".

Tencent tumbled more than 9per cent in early morning trade, while Netease slumped over 13per cent.AdvertisementAdvertisementMany teenagers are addicted to online gaming, which has made a huge negative impact on their growth, according to an article in the Economic Information Daily, which is affiliated with the official Xinhua Agency. headtopics.com

(Reporting by SHANGHAI NEWSROOM; Editing by Christian Schmollinger) Read more: CNA »

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