Tag: stricter

  • Tencent loses $54 billion owing to China’s stricter gaming regulations

    Recently, Chinese regulators implemented a comprehensive set of regulations targeting spending and incentives that fuel excessive gameplay in video games. These regulations have wielded a significant impact on the gaming industry, notably affecting Tencent, a leading Chinese tech conglomerate that holds a pivotal position in global gaming. Notably, it’s been reported that Tencent lost about…