China gaming companies unveil share buybacks after govt curbs cause rout ...Middle East

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China gaming companies unveil share buybacks after govt curbs cause rout
The buyback announcements come on the heels of an apparent softening in stance by China’s video game regulator. A slew of smaller Chinese gaming companies have announced share buybacks – plans seen as an attempt to reassure investors after the market was spooked by regulatory moves to clamp down on consumer spending on games.    Last Friday, regulators published draft rules that would ban online games from giving players rewards if they log in every day, if they spend on a game for the first time or if they spend several times on a game consecutively. All are common incentive mechanisms in online games.   That sent shares in gaming companies plunging and as of Monday evenin

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