"There are over 110 million minors that play video games in China today, and we expect the new limits to lead to a decline in the number of players and a reduction in the amount of time and money spent in game by those under 18," Daniel Ahmad, senior analyst at Niko Partners, said.
"However, we do not expect the decline in spend to have a significant material impact on the bottom line of game companies given limits on time and spending have already been in place for minors for the past two years. Therefore, we expect a softer impact on overall growth rates as spending among minors was already low."
has previously stated that 2.6% of its gaming receipts in China is from players under 16. It's unclear how much of that is tied to online gaming revenue.Tencent said in a statement on its WeChat account that it will implement the new requirements and that it supports the new rules. The Chinese gaming giant has taken measures to pre-empt the regulators in recent months. In July, Tencent
a requirement for gamers to do a facial recognition scan on their phone to verify if they are an adult.For a long time, Beijing has been worried about gaming addiction amongst the country's youth. Gaming consoles were banned for around 14 years until 2014. And a state-affiliated publication ran an article this month
and calling for further restrictions. The article was taken down and later republished with a new headline and references to "opium" removed. But it raised concern among investors that further gaming restrictions could come.
This is one of the worst infringement of individual liberties. Its for parents to decide. What happens to the kids who want to learn everything about games so they can develop the best video games and software in the future? People must be trusted to do what is right.
😳
Video games are addictive besides being useless. There's a reason why China is doing this. Many in America will criticize this as being authoritarian, the same ones who let their kids make the rules without any responsibility whatsoever. All for fun,they argue.
Why does this bothers people outside of China. What has it got to do with you ?
China becoming a Big Brother society more and more by the day wow
Ask Melissa Lee how many hours a week she spent on playing games. Asian parents are very serious about their kid’s education.
This is typical where state controls children’s lives because parents either can’t, won’t just don’t. It’s becoming that way UK where teachers take control behind the backs of parents. Now allowing kids of 5 to choose their sex preference & keeping parents out of the loop!
Watch revenues continue to climb 20%+ because your stereotype of who gamers are is invalid. ggez
yeah sounds sucks
愚蠢的GOV
When China returns to communism and takes ALL their land back, the stock market will crash and the USA will go into a depression. This is all part of Donald’s plan he has with Xi and Putin.
Not a bad idea.
That’s why I don’t invest in the Chinese economy, absolutely no freedom.
Bit by bit their freedom is taken away!
This might actually be the spark for an uprising lmao
let the kids play
nice
Thats it. We're moving to China.
When the Iron Curtain cares more about screen time than your parents lol
Warzone about to get a lot easier
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