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3 Things You May Want To Know About Tencent and Netease > 10% Shares Drop Today
By A Path to Forever Financial Freedom (3Fs)  •  August 3, 2021
This will be a quick post to touch upon the 3 things that are related to gaming industry, particularly Tencent – given that it is currently the talk of the town at the moment. In case you have not heard of the news that were circulating this morning, China’s state-run Economic Information Journal Daily – stole today’s headline by titling the article “Spiritual Opium Grows into Hundreds of Billions of Industries”, which likened online games as hazardous especially to young people and seek to regulate them as soon as possible. This sends a spook across investors and spiral down to gaming stocks such as Tencent and Netease which dropped more than 10% this morning. China already imposed gaming curfew for minors in 2018 regulations In 2018 during the last regulation taken on gaming industry, the government announced the establishment of a gaming regulator – in response to concerns about the time overspend on gaming as well as near-sightedness in children...
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By A Path to Forever Financial Freedom (3Fs)
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