Tencent, NetEase shares rebound after China regulator's assurance on new online gaming rules
Publishing timestamp: 2023-12-27 03:25:14
Summary
Chinese online gaming stocks rebounded after the country's top gaming regulator pledged to modify and improve draft rules aimed at curbing excessive online gaming and spending. The regulator approved new games but analysts believe the measures are not enough to remove concerns. The draft rules aim to prohibit certain revenue-generating practices and incentivizing daily sign-ins for games.
Sentiment: MIXED
Tickers: 9999-HK, 700-HK, 9626-HK,
Keywords: china, netease inc, breaking news: asia, tencent holdings ltd, world markets, technology, breaking news: technology, bilibili inc, business, asia economy, business news,