The shares of China’s video game makers are sinking after the country’s National Press and Publication Administration released draft regulations for the online game industry that included restrictions on incentives to play or spend more online. Online game players shouldn’t be rewarded for logging in daily, game servers must be stored in China, all online games should set top-up limit for users, and warnings should be issued to users for irrational consumption behavior, the regulations state. Shares of NetEase (NTES) are down 24% to 79.85 in pre-market trading.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on NTES:
- NetEase, BYD: 2 “Strong Buy” HKEX Shares with Attractive Upside
- NetEase price target lowered by $5 at JPMorgan, here’s why
- NetEase (NASDAQ:NTES) a Winner as ByteDance Exits Gaming
- NetEase (NTES) Discloses Q4 Dividend: What Shareholders Should Know
- LI, BABA, or NTES: Which Chinese Stock Could Deliver the Most Attractive Returns?