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NetEase shares tank after Tencent, Chinese media called the game “opium”

The Tencent logo will be seen at the World Internet Conference (WIC) held in Wuzhen, Zhejiang Province, China on November 23, 2020.

Ally Song | Reuters

Guangzhou, China — shares Tencent When NetEase After Chinese mass media branded the online game Opium and compared it to a drug, it plummeted on Tuesday.

The article also called for further restrictions on the industry to prevent addiction and other adverse effects on children.

Tencent fell by about 10% in the morning, while NetEase fell by about 14% in Hong Kong. Tencent is one of the world’s largest game companies responsible for high-profile games such as “Honor of Kings”.

NetEase declined to comment. Tencent couldn’t get any comments right away.

NS paperAccording to Economic Information Daily, a Chinese national publication belonging to the official Xinhua News Agency, children’s online game addiction is “spread” and can adversely affect their growth.

According to the article, by 2020, more than half of Chinese children will have myopia, and online games are affecting their education.

The emotions of the article are not so new. The Chinese government has long been concerned about the impact of video games on minors.

In 2018, Beijing frozen approval of new games Concerns that games are affecting the eyesight of young people. In China, online games require regulatory approval.

In 2019, China introduced a rule that prohibits people under the age of 18 from playing online games from 10 pm to 8 am and limits the amount of time they can play.

This article also gives more control over the length of time children play the game and more rigorously reviews the content of the game in order to reduce the amount of “inappropriate” information displayed to minors. I asked you to do it.

According to a CNBC translation, “The next step is to have tight control over the time that minors play online games. We need to significantly reduce our current level.”

NetEase shares tank after Tencent, Chinese media called the game “opium”

Source link NetEase shares tank after Tencent, Chinese media called the game “opium”

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