August 04, 2021
published at 2:26 AMReuters
The Tencent Games logo is seen on its game on a mobile phone in this illustration picture taken Aug 3, 2021.
Reuters
SHANGHAI/SINGAPORE, Aug 3 - Bewildered investors in China s tech sector scrambled once again from regulators on Tuesday (Aug 3), fearing that a state media story that likened internet gaming to opium signals a new front in the barrage of scrutiny that is being directed toward big business.
The article was later altered to remove the historically loaded opium reference, but, together with the opening of a probe into automotive chip distributors, it roiled markets still smarting from a panic sell-down a week ago.
Why is China waging war on its big tech sector?
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