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".
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 »
SAF personnel, PA volunteers roped in for Covid-19 home recovery scheme amid public frustrations over ‘teething issues’
Respect to China who clamp down on all these billionaire techies. China is not done yet, this is just the tip of the iceberg. Going after online entertainment next. 如同鸦片
Asian shares weighed down by China worries as US earnings shineAsian shares face another tough week as Beijing's regulatory crackdown fans fears about China's economy, though upbeat economic data in the United ... Invest in Bitcoin, Litecoin, US stocks or SEA stocks but stay far away from toxic china stocks.
China securities watchdog seeks closer cooperation with USChina's securities regulator said on Sunday it will seek closer cooperation with its U.S. counterpart and will support overseas listings, after U.S.
China new home price growth slows in July: Private surveyBEIJING: China's growth in new home prices slowed in July for the first time in five months, with smaller cities especially weighed down by higher ... Geting worse.. 这是比较基础的调查 ! 中国房价现在对中产阶级买家有利。😎🈸
JPMorgan says China regulatory changes local, not global problemJPMorgan said on Monday that Chinese regulatory changes were a local, rather than a global problem and that the bank remained over-weight emerging ... JPMorgan they are heavily invested in china and are losing a lot now. It is a global problem. Local only. Thus all the global problem still bad. 🤔😱
Delta variant bears down on China just as its economy loses steamThe Delta variant poses new risks for the world's second-biggest economy as it spreads from the coast to China's inland cities and presents fresh ...
Olympics-Gymnastics-Liu leads China to one-two win in men's ringsLiu Yang led a China one-two in the men's gymnastics rings event final at the Tokyo Olympics on Monday, claiming a slim victory over compatriot ...