Tencent Loses $20 Billion In Market Valuation Amid Chinese Government Crackdown On Gaming
Tencent lost about $20 billion in market valuation Friday, as Chinese regulators took steps to limit the number of online games and reduce screen time.
China’s leader, Xi Jinping, expressed concerns this week that game play was damaging children’s eyesight. His remarks telegraphed for tighter regulation over the…
-
-
Comment on Tencent Loses $20 Billion In Market Valuation Amid Chinese Government Crackdown On Gaming 2 Comments