Sponsored Ad | Levenstein Crypto Conference - Leaderboard

Tencent, NetEase plunge as China issues rules to curb players' spending on online games

Tencent, NetEase plunge as China issues rules to curb players' spending on online games

FILE PHOTO: A gamer plays online games at an internet cafe in Taiyuan, Shanxi province, January 23, 2010. REUTERS/Stringer/File Photo

Chinese regulators announced on Friday a wide range of rules aimed at curbing spending and rewards that encourage video games, dealing a blow to the world’s biggest games market, which returned to growth this year.