Tencent Bounces Back After State Media Soften Tone on Gaming

Bloomberg2021-08-04

(Bloomberg) -- Chinese media including the Communist Party’s flagship newspaper toned down their criticism of the games industry on Wednesday, helping Tencent Holdings Ltd. and its peers recoup some ...

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Comment（10）

Tansri
·2021-08-12
This shows how powerful the state media is.They can manipulate the stock movement and direction. ?
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BlueDaisy
·2021-08-04
Market overreact, haha
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1
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chanch
·2021-08-04
Roller coaster ride!
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2
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nxw
·2021-08-04
Like pls
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5
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- DanVI:
  Done
  2021-08-04
  Reply
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- Ahjennn:
  Done
  2021-08-04
  Reply
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Desmond669
·2021-08-04
Yes
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3
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- Angsana:
  hmm
  2021-08-04
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JazzKhor
·2021-08-04
Powerful
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4
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- Desmond669:
  Ok
  2021-08-04
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domobc
·2021-08-04
Like please
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3
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- nxw:
  Ok
  2021-08-04
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VCVCVC
·2021-08-04
Like pls
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2
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HoldTheDoor
·2021-08-04
???
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2
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tanks09
·2021-08-04
Tencent power!
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2
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- tanks09:
  Huat
  2021-08-09
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- TimTamPrata:
  Huat
  2021-08-08
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- VCVCVC:
  Like pls
  2021-08-04
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Controlled by the Party’s Central Committee, its positions on issues are widely seen as reflecting the views of China’s most senior leaders.\nHu Xijin, editor of the government-controlled Global Times, commented on his WeChat account that the Economic Information Daily article was a “normal” news story but its timing led to “over-interpretation” by some. The latest regulatory measures are aimed at directing the healthy development of the internet and tech sectors, and companies should actively cooperate, Hu wrote. Gaming addiction is a serious issue but resolving it requires comprehensive measures, he said.\n“I can hardly imagine that the authorities would just simply ban online gaming once and for all,” Hu wrote.\nTencent rose 2.4% in Hong Kong, clawing back a portion of its 6% Tuesday loss. 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But regulations will vary by industry and those for the gaming sector “won’t be as brutal as those toward education,” Fang said.\nEarlier: Tencent Weighs Kids Games Ban After ‘Spiritual Opium’ Rebuke\nAmong other media that chimed in on the issue Wednesday, the Securities Daily said on its front page that pushing for healthy development of the industry was a pressing matter and called preventing video-game addiction among minors “the bottom line.” The China News Service said late on Tuesday that it was “immoral” to blame schools, companies or parents alone for children spending long hours playing video games.\nEven the Economic Information Daily took steps to soften its wording. The commentary that sparked Tuesday’s sell-off was removed from its website Tuesday afternoon, only to reappear hours later with the terms “spiritual opium” and “electronic drugs” removed from the article.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":895154317,"gmtCreate":1628730336639,"gmtModify":1676529833761,"author":{"id":"3577406038476249","authorId":"3577406038476249","name":"Tansri","avatar":"https://static.tigerbbs.com/281e15019b751acf6992d8219736b9dd","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"3577406038476249","authorIdStr":"3577406038476249"},"htmlText":"This shows how powerful the state media is.They can manipulate the stock movement and direction. ?","listText":"This shows how powerful the state media is.They can manipulate the stock movement and direction. ?","text":"This 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pls","listText":"Like pls","text":"Like 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