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Tencent's value plummets by $20bn after China dishes out new regulations on games

Tencent's value plummets by $20bn after China dishes out new regulations on games

Tencent's value has dropped by some $20 billion following news that China's content regulators are eyeing up new restrictions on video games in order to fight growing myopia - shortsightedness - among the youth.

Reuters reports that the Chinese publishing giant's market value has dropped by $164 billion since January 2018, going from being the biggest company in China by market cap to second place behind nemesis Alibaba Group.

This hasn't been helped by said regulator simply not approving new games for release in the region since the end of March.

Our sister-site PCGamesInsider.biz has the full story.


Editor - PC Games Insider

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he was hired to launch PCGamesInsider.biz for Steel Media before departing the firm in October 2019.

He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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