$Pinduoduo Inc.(PDD)$ The National Press and Public Administration of China had issued licenses to 60 games. This indicates that the Chinese government is starting to loosen up on the Internet sector. And this was the first time that China had granted new gaming licenses since April 2022. China had halted issuing new gaming licenses as part of an effort to put new time limits on how long minors spend playing games online last year. Several other China-based Internet companies also saw stock price increases as a result of this news as well.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments