The owner of games such as Honor of Kings, PUBG mobile and Clash of Clans has also seen advertising spend fall because of the crackdowns
Move has sparked concerns that young but booming gaming sector – which has seen foreign investors pump in millions of dollars – will suffer catastrophically
Xinhua News Agency says gaming companies were ordered to break their ''solitary focus'' on profits while the SCMP reported a temporary suspension of new game approvals.
Directive to cut gaming hours to three a week for teenagers puts a black cloud over one of the fastest-growing – and most lucrative – sports in China
The People's Daily said in an article on Monday authorities had to be "ruthless" as online games were "destroying" teenagers, disrupting their study and physical and mental well-being
A whole range of sectors have been affected by China's regulatory crackdown, which started late last year and continues in vigorous fashion.
• IPO hit by China’s regulatory crackdown on gaming • Krafton, backed by Tencent Holdings, has games popular in China...
(AF) China’s regulatory assault on consumer technology companies is consistent with President Xi Jinping’s determination to make manufacturing the centrepiece...