(Bloomberg) -- Chinese regulators summoned gaming companies including Tencent Holdings Ltd. and Netease Inc. to discuss further oversight of the industry and the need to deemphasize profits, prompting a steep share selloff.Tencent, the country’s largest gaming company, dived as much as 6.7%, on track for its biggest fall since July, while smaller rival Netease fell as much as 7.7%.The Publicity Department of the Communist Party of China’s Central Committee, the National Press and Publication Adm
If it was actually what it’s being positioned as (a crackdown on queer culture), China wouldn’t have a right to fight it.
If history is any example (and it is), however, I’m sure the state department is fueling as many moonshot angles against China as possible.