INVESTORS IN CHINESE tech stocks might feel like characters in an online “party game”, a type of multiplayer activity that became all the rage in 2023. The latest addition to the genre is “DreamStar”, released on December 15th by Tencent, China’s biggest digital giant, with a big gaming business. Players speed around a track as cartoon sheep and pandas, dodging cannon balls and grabbing magic clouds, sometimes plummeting through chasms only to end up back where they started. PREMIUM People play online games in an internet cafe in Fuyang in central China’s Anhui province Friday, March 1, 2019. China’s authority in charge of press and publications has approved 150 online games, saying i
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