Chinese gaming sector shares plunge after state media slams industry as ‘spiritual opium’ ...News

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Chinese gaming sector shares plunge after state media slams industry as ‘spiritual opium’
source : Russia Today ( News ) () 5
The shares of China's largest computer game developer, Tencent, lost over 10% on the Hong Kong Exchange, followed by other major gaming developers, amid reports Beijing is prepping to tighten control over the online gaming sector. Tencent shares fell 10.36% to HK $425.8 ($54.80) in Tuesday’s trading, while two other gaming giants – NetEase and Archosaur Games – plunged even lower, losing 12.3% and 18.5%, respectively. The shares pared some of the losses later in the day, with Tencent clawing back 3% by 8am GMT, but were still trading in the red. Also on rt.com Chinese tech s

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