draft

New draft regulations targeting in-game spending are costing China's tech giants billions

Florence Lo/Portal In this illustration image, a Tencent Games app logo is seen on a mobile phone. Portal/Florence Lo/Illustration Hong Kong CNN – Shares of several Chinese tech giants slumped in Hong Kong on Friday, shedding billions from their total value, after Beijing unveiled a series of new regulations to curb online spending in the … [Read more…]

China approves 105 online games after draft restrictions lead to massive losses – The Associated Press

BANGKOK (AP) — China’s Press and Publication Administration has approved 105 new online games and said it fully supports the industry after proposed restrictions last week led to massive losses for investors in major game makers. The National Press and Publication Administration released a statement on its social media account WeChat on Monday saying the … [Read more…]