Tencent, NetEase Gain After China Removes Official Following Gaming Rules Debacle - Report

Seeking Alpha01-03

Chinese gaming stocks, including Tencent (OTCPK:TCEHY) (OTCPK:TCTZF) and NetEase (NASDAQ:NTES), rose on Wednesday following a news report that China removed a gaming regulatory official.Tencent's ADR ...

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Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-03 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4051813-tencent-neteases-gain-after-china-removes-official-following-gaming-rules-debacle><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese gaming stocks, including Tencent (OTCPK:TCEHY) (OTCPK:TCTZF) and NetEase (NASDAQ:NTES), rose on Wednesday following a news report that China removed a gaming regulatory official.Tencent's ADR ...</p>\n\n<a href=\"https://seekingalpha.com/news/4051813-tencent-neteases-gain-after-china-removes-official-following-gaming-rules-debacle\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://seekingalpha.com/news/4051813-tencent-neteases-gain-after-china-removes-official-following-gaming-rules-debacle","article_id":"2400232018","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2400232018","pubTimestamp":1704294900,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Chinese gaming stocks, including Tencent (OTCPK:TCEHY) (OTCPK:TCTZF) and NetEase (NASDAQ:NTES), rose on Wednesday following a news report that China removed a gaming regulatory official.Tencent's ADR ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BABA":"阿里巴巴","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","BK4558":"双十一","BK4566":"资本集团","BK4575":"芯片概念","BK4509":"腾讯概念","BK4587":"ChatGPT概念","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","LU1046422090.SGD":"Fidelity Pacific A-SGD","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","BK4508":"社交媒体","BK4535":"淡马锡持仓","BK4577":"网络游戏","LU0880133367.SGD":"UBS (LUX) EQUITY FUND CHINA OPPORTUNITY USD \"P\" (SGD) ACC","BK4538":"云计算","BK4501":"段永平概念","BK4077":"互动媒体与服务","NTES":"网易","BK4579":"人工智能","BK4588":"碎股","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","09988":"阿里巴巴-W","BK4552":"Archegos爆仓风波概念","BK4122":"互联网与直销零售","KUASF":"KUAISHOU TECHNOLOGY","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU0072913022.USD":"UBS (LUX) EQUITY FUND - 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The new rules set panic among investors and led to a wipe out of about $80B in market value from the three Chinese companies (Tencent, NetEase and Bilibili) on the Hong Kong and China exchanges.Last week, the stocks showed signs of recovery after Beijing vowed to make improvements to the draft rules, noting that the government would further improve the proposed draft rules after \"earnestly studying\" public views.As per the draft, online games would not be allowed to set inductive rewards such as daily login, first-time recharge, and continuous recharge. Pop-up warnings should be issued to users for irrational consumption behavior. The rules also include caps on the amount each player can spend within a game, among other things.Other Chinese stocks: Weibo (WB) about 1.2%, Alibaba (BABA) and Baidu (BIDU) rose 0.4% and 0.1% on Wednesday on Nasdaq. Kuaishou Technology (OTCPK:KUASF) (OTCPK:KSHTY) was also largely stable on the Hong Kong exchange.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":8,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2400232018"}