China online video restrictions wipe $20 billion off Tencent's market value

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China online video restrictions wipe $20 billion off Tencent's market value

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31-08-2018, 01:30 PM

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China online video restrictions wipe $20 billion off Tencent's market value

An honorable member of the Coffee Shop Has Just Posted the Following:

Plans to limit the number of new online video games in China wiped a further $20 billion off Tencent Holdings’ market value on Friday, ratcheting up concerns over regulatory risks facing firms in the world’s No. 1 market for mobile games.

China’s Ministry of Education said late on Thursday the publishing regulator should also take measures to limit the amount of time young people spend playing games and explore an age-appropriate system for players.

The restrictions are the latest...

China online video restrictions wipe $20 billion off Tencent's market value

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