Tencent and Netease lose $ 60 billion after regulation in China

The South China Morning Blog Post (SCMP), with its Sunday edition, the Sunday Early Morning Article, is a Hong Kong-- based English-language newspaper possessed by Alibaba Group.Founded in 1903 by Tse Tsan-tai as well as Alfred Cunningham, it has actually continued to be Hong Kong s paper of record since British colonial rule.: 251 Editor-in-chief Tammy Tam prospered Wang Xiangwei in 2016. The SCMP prints paper versions in Hong Kong and operates an online information website. The paper s blood circulation has been fairly secure for years-- the typical day-to-day flow stood at 100,000 in 2016. In a 2019 study by the Chinese College of Hong Kong, the SCMP was concerned fairly as the most qualified paid paper in Hong Kong.The SCMP was had by Rupert Murdoch s News Firm till it was acquired by Malaysian realty mogul Robert Kuok in 1993. On 5 April 2016, Alibaba Team got the media homes of the SCMP Group, including the SCMP. In January 2017, previous Digg CEO Gary Liu ended up being the SCMP s president officer.Since the change of ownership in 2016, movie critics consisting of the New York Times, Der Spiegel as well as the Atlantic have actually declared the paper to be on a mission to promote China s soft power abroad. According to critics, it is relocating far from independent journalism as well as pioneering a brand-new type of publicity .

The fact that the Chinese government regulates and monitors the video game time of their citizens is nothing new. But control by the state increases greater dimensions, which companies like Netease and Tencent now brings billions losses. Recently, it became known that young people under the age of 18 are allowed to play online only three hours per weekend. But not only by the limitation of the season players and game developers will hardly make life in China.

Chinese government requires less profitgreed

As China s news agency xinhua news reports, the government s leaders should have met with the developers of Tencent and Netease to address specifications for the design of video games. During the meeting, the developers should have been told to align their games purely on profit, because the end of the gaming in minors would promote. The government looks a intellectual opium for young people in video games.

In addition, especially violent scenes or specifying with money should be removed from games. As the South China Morning Post reports, less and less new game licenses are being processed in China or at least slowly slows down. Games that have already had to come to the market in August are still checked by China s National Press and Publication Administration .

Investors draw the tearing - stock prices fall

All these messages meant that investors were understandably deterred. Overnight, investors pulled the tear, which led between Netease and Tencent to a loss of about $ 60 billion. Tencent reacts to these regulations by increasing shares of foreign gambling companies or buying the companies directly. Developers like Klei Entertainment, Dontnod Entertainment, and Bohemia Interactive had to do this experience. In summer Tencent even attempted to take Sumo Group (United Kingdom) for 1.3 billion.

But you do not have to worry about Tencent. Money plays a rather subordinate role, because of course Tencent is not a self-employed company. In the totalitarian China, all companies are almost at the same time part of the government and, if they allow those responsible - from the entire state budget of the world s second largest economy.

Via kotaku.com

Do you think these prohibitions will also influence Western game development for Chinese games that want to take foot there? Or are Western games continue to be distinguished with their contents of Chinese games? Tell us in the comments!

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