Tencent & NetEase stocks slip on China's strictest anti-gaming measures yet
Both companies saw significant dips coming into Monday's market as China's government passed major restrictions on allowable game time.
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Both companies saw significant dips coming into Monday's market as China's government passed major restrictions on allowable game time.
Tencent's Q2 2021 earnings featured major wins, but government regulations threaten to curb its success in further quarters.
The gaming giant took a hit after the Economic Information Daily also called games "electronic drugs".
ByteDance took heed of the ongoing Chinese crackdown on cybersecurity and put aspirations of an IPO on the backburner.
Recent reports show Chinese regulators actually suggested Didi postpone its IPO on the NYSE last week leading up to this investigation.
The UBER of China, Didi Chuxing, went public in the United States today. Shares popped on the open, and have digested gains all day long. Find out more about today's IPO here.
With China working towards a digital Yuan cryptocurrency, it appears that United States officials are considering a digital dollar. Here's what we know.
Bitcoin value dropped down beneath $40,000 USD following the latest news out of China in one of the largest plummets the cryptocurrency has had this year.
The Xbox Series X and Series X will finally get an official release in China.
The PS5 is coming to China next month.