Companies in China across different sectors are facing an unprecedented regulatory crackdown. After the recent focus of Chinese regulators on the education sector, it seems that now it is the turn of gaming companies. Late last month, the Chinese Government cracked down on the gaming industry, as regulators in Beijing placed a gaming time limit on minors of 3 hours per week. Yet this is not the first time that Chinese regulators have tried to rein in the gaming sector. Back in 2019, regulators had limited video gaming among teens to 1.5 hours a day. Still, investors are concerned about how these new curbs will affect gaming stocks.
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Tencent (PK) (USOTC:TCEHY)
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