Companies and analysts have said the new regulations are not likely to have a big financial impact on China's gaming companies.
NetEase said Tuesday that less than 1% of its revenue comes from under-18s. Gaming is NetEase's biggest business by revenue. Analysts at investment bank Jefferies said in a note this week that it estimates about 5% of Tencent's gaming revenue comes from minors under 18 years old. Gaming regulations were thrust back into the spotlight last month when a Chinese state-run publication affiliated to the official Xinhua newspaper, published an article which
The story was later taken down and republished with references to the drug removed, suggesting it may not have aligned totally with Beijing's thinking.
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China Limits Videogames to Three Hours a Week for Young PeopleThe new regulation bans minors from playing videogames between Monday and Thursday and allows an hour of play on Fridays, weekends and holidays, as Chinese authorities seek to curb gaming addiction. Non sense Mask mandates are upstream of this kind of stuff. Slippery slope if you know what I mean…give the bureaucrats an inch and they’ll keep on taking. “But video gaming is dangerous to your health therefore we have to protect you by instituting this law” Big Momma and Poppa!
Source: WSJ - 🏆 98. / 63 Read more »
China limits children to 3 hours of online gaming a weekChina has banned children from playing online games for more than three hours a week, the harshest restriction so far as regulators crack down on tech. Minors will only be allowed to play from 8 to 9 p.m. on Fridays, weekends and public holidays. Guess when parents fail, state has to intervene. Whoa Sounds about China, Cuba and North Korea, but the tankies will defend them like the good bootlickers they are SOSCuba
Source: AP - 🏆 728. / 51 Read more »