BUZZ-Chinese gaming ADRs fall after China to curb gaming spend

Reuters2023-12-22

** U.S.-listed shares of Chinese gaming companies slide in premarket trading after Chinese regulators announced a wide range of rules aimed at curbing spending and rewards that encourage video games

** Shares of online game developer and services operator NetEase drop 23.8%, internet and mobile gaming group Bilibili slide 10.6%

** KraneShares CSI China Internet ETF declines 5.9%, and Tencent Music Entertainment Group , a unit of the world's biggest gaming company Tencent Holdings , falls 4.5%

** U.S. gaming platform Roblox down 2.0%, while game developers Electronic Arts and Take-Two Interactive Software down more than 1% each in low trading vols

** Dutch tech investor Prosus and French video games developer Ubisoft slide 18.6% and 6%, respectively

(Reporting by Shashwat Chauhan in Bengaluru)

((Shashwat.Chauhan@thomsonreuters.com;))

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