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Posted On: 12/27/2023 5:27:32 AM
Post# of 27325
New game?
Hong Kong-listed shares of NetEase, Tencent and Bilibili rebounded Wednesday after Chinese authorities announced they would “carefully study” the concerns of stakeholders on new gaming rules. On Friday, Tencent lost about $43.5 billion in market value after China announced draft rules aimed at curbing excessive gaming and spending.
Hong Kong-listed shares of NetEase, Tencent and Bilibili rebounded Wednesday after Chinese authorities announced they would “carefully study” the concerns of stakeholders on new gaming rules. On Friday, Tencent lost about $43.5 billion in market value after China announced draft rules aimed at curbing excessive gaming and spending.
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