Tencent: Shares in Tencent, NetEase plunge on China gaming p

Tencent: Shares in Tencent, NetEase plunge on China gaming plans

Shares in tech giants Tencent and NetEase tanked Friday after China released fresh plans to increase restrictions on online gaming. Tencent shares dropped more than 10 percent and NetEase collapsed more than 20 percent in reaction to proposals that would put limits on recharging in-game wallets and abolish features meant to increase gameplay.

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