The PS5, launched in November 2020, undersold its predecessor in its second year due to component shortages which have roiled the electronics industry

Strong game sales helped Sony more than double fourth-quarter operating profit as it encourages online game downloads and sign-ups for subscription services

The National Radio and Television Administration said the move was designed to eliminate "online live broadcast chaos", as well as teenagers' addiction to games

Gamers in China are only allowed to play titles approved by the government and are not allowed to play with foreigners on foreign servers

The firm announced a 16 yuan ($2.50) per share payout in an exchange filing, the most generous amount since the firm was listed in Shanghai in 2017

An investigation began after incriminating messages alleged that the 22-year-old Chinese player had communicated with someone outside the league