China Plans to Limit Video Game Spending and Time: Big Hit to Gaming Market! The government wants to control in-game purchases and prevent excessive gaming.
This hurts major tech companies like Tencent, causing a massive drop in their stock value. The new rules also ban content harming national interests.
This follows earlier restrictions on gaming for those under 18. Games can’t offer rewards that make players spend too much, and pop-ups warning about excessive play are coming.
This impacts the world’s biggest gaming market, hitting Tencent hard. Other companies like NetEase and Dutch investor Prosus are also affected.
Experts say this could lead to big changes in game design. The government aims for faster game approvals and wants servers in China. It’s a tough time for the gaming industry in China, with layoffs and struggles expected, especially for smaller companies. This news is from the BBC.
https://www.bbc.com/news/technology-67801091