China gaming stocks rally despite regulators limiting kids' playing time

Companies and analysts have said the new regulations are not likely to have a big financial impact on China's gaming companies.

NetEase said Tuesday that less than 1% of its revenue comes from under-18s. Gaming is NetEase's biggest business by revenue. Analysts at investment bank Jefferies said in a note this week that it estimates about 5% of Tencent's gaming revenue comes from minors under 18 years old. Gaming regulations were thrust back into the spotlight last month when a Chinese state-run publication affiliated to the official Xinhua newspaper, published an article which

The story was later taken down and republished with references to the drug removed, suggesting it may not have aligned totally with Beijing's thinking.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China tightens scrutiny on $9.3 trillion fund industryChina's top securities regulator pledged on Monday to crack down on mismanaged private funds and weed out fake ones, as the government becomes more assertive in dealing with an industry worth 60 trillion yuan ($9.28 trillion). China has been seeking to channel more household savings into the capital markets to fund innovation and aid its economic recovery, while reducing the economy's reliance on bank lending. Fund managers should align their interests more closely with investors, and refrain from hyping their products, Yi Huiman, chairman of the China Securities Regulatory Commission said.
Source: YahooNews - 🏆 380. / 59 Read more »