China Tells Gaming Firms to End ‘Solitary’ Focus on Profit
www.yahoo.com
(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
  • NaturalsNotInIt [any]
    ·
    3 years ago

    I agree with you and I've said so in other threads, but this is a pretty bad look even if the Western Press is being their usual lying selves.

    • FidelCastro [he/him]M
      ·
      3 years ago

      Completely agree. I suspect it’s a mixture of a legitimate issue + being amplified / potentially exaggerated by the western press.