China ‘beheaded generals’ for causing $80 billion in damage to the gaming industry

After the announcement of new draft regulations on online games, Chinese technology stocks dropped by 80 billion USD in capitalization and eroded investor confidence. In December 2023, China’s National Press and Publication Administration (NPPA) issued the Draft ‘Management Measures game online‘, which proposed banning certain mechanisms used to monetize games. This raised concerns that Chinese … Read more