Shares of Tencent, NetEase rise as China gaming crackdown ends

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HONG KONG : Shares of Tencent Holdings, the world's largest gaming company, and smaller rival NetEase Inc rose on Wednesday after China's video games regulator granted the first gaming licences in 2023, further easing an industry crackdown. Tencent's shares were set to open up 1.7 per cent, while NetEase'

HONG KONG : Shares of Tencent Holdings, the world's largest gaming company, and smaller rival NetEase Inc rose on Wednesday after China's video games regulator granted the first gaming licences in 2023, further easing an industry crackdown.

Tencent's shares were set to open up 1.7 per cent, while NetEase's stock was set to jump 4.8 per cent.

 

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