(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
Yeah, but they aren't doing that because they think they still need a private investment market, which makes this so funny because 0700 is getting wrecked.
Jesus, does Party Leadership have the world's longest-running short on Tencent? Was 50% loss in value in a year still not what they were shorting at?
who cares? corporations suck and money is dumb. nationalize it and stop worrying about stock price.
Yeah, but they aren't doing that because they think they still need a private investment market, which makes this so funny because 0700 is getting wrecked.