gambling

Tencent and NetEase shares rally after Chinese regulator pledges new online gambling rules –

A mobile phone shows the screen of Tencent Games company’s stock decline on December 22, 2023 in Suqian city, Jiangsu province, China. Cost photo | Photo only | Getty Images Chinese online gambling stocks rose on Wednesday, recouping some losses from the previous session, after the country’s top gambling regulator pledged to “further modify and … [Read more…]

China's potential new gambling rules will hit smaller developers harder, analyst says

Mobile games in China range from League of Legends-like Honor of Kings to Source: Apple Inc. BEIJING – China’s proposed gambling rules would hit smaller developers more than large ones while reducing overall online advertising revenue, according to UBS. Shares of Tencent, NetEase and Bilibili plunged to their lowest levels in more than a year … [Read more…]