Chinese authorities have summoned gaming companies, including Tencent Holdings and Netease, to discuss more oversight and oversight of the sector, as well as removing a single focus on profits, which led to a sharp sell-off on their shares.
According to Arab Net, this comes as a step to prevent minor children from addicting to video games, and to monitor content, in addition to removing obscene and violent content.
It is noteworthy that the Chinese authorities issued more strict measures last week regarding the time that children can use video games online, with a new limit of three hours. Only a week.
Gaming and media stocks, including G-bits Network Technology and Perfect World Co, fell on the Shanghai Stock Exchange, as authorities called in game companies to ensure they had implemented its new rules for the sector. The CSI Media Index also decreased by about 3%.
