#tencent #china #gaming #yahoofinance
Shares of tech conglomerate Tencent (0700.HK) were down more than 12% Friday morning amid an $80 billion market selloff in Chinese gaming stocks, sparked by new, unexpected restrictions from Beijing. The restrictions come from Chinese government regulators who are attempting to combat addictive gaming lifestyles among users. Yahoo Finance Reporter Jared Blikre breaks down the latest developments with Tencent and the broader Chinese markets. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Glad I came to study in the US and immigrated after graduation. I’m a gamer. It’s ridiculous how intrusive the Chinese government has become. It was not this bad before Xi came to power. He really started to act like Mao, which is not a good thing.
hahahahah… No more spending money on special power up weapons for best players. hahahahah😂🤣 online gaming stock is down and online education stock is up in china.
Doesnt China need more consumer spending? It’s like they are killing parts of their economy.
PANIC MODE HERE…HOW WILL THE 25% DROP IN CHINA AFFECT THE TECH STOCKS IN THE USA WHEN THE MARKET OPENS NEXT WEEK?
Watch our oppressive western governments force this on us for our… ‘safety’.
Good to see China doing the right things.
It is obvious Vulture investors are shorting Tencent so they can buy Tencent stocks at a cheaper price later.