News/Gaming Stocks Fall as CCP Official Fired
(Created page with "{{News |seo_title=Gaming Stocks Fall as CCP Official Fired |seo_keywords=CCP |image=Gaming.png |tags=China |date=2024-01-03T19:48:00.000Z |sources={{NewsSource |source=Games Industry |url=https://www.gamesindustry.biz/chinese-official-removed-following-stock-tumbles-from-new-game-proposals |article=News/Gaming Stocks Fall as CCP Official Fired }}{{NewsSource |source=Reuters |url=https://www.reuters.com/world/china/china-removes-official-after-video-games-rules-spark-turm...") |
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|content=Recent reports by Reuters revealed that after [[News/China Reveals New Limits|the recent proposal of rules aimed at restricting spending on video games]], China has reportedly removed Feng Shixin from his role as the head of the publishing unit within the Communist Party's Publicity Department. This department oversees the National Press and Publication Administration (NPPA), which plays a crucial role in regulating China's extensive video games sector. Following the announcement Tencent dropped 16%, and NetEase slumped 25%. | |content=Recent reports by Reuters revealed that after [[News/China Reveals New Limits|the recent proposal of rules aimed at restricting spending on video games]], China has reportedly removed Feng Shixin from his role as the head of the publishing unit within the Communist Party's Publicity Department. This department oversees the National Press and Publication Administration (NPPA), which plays a crucial role in regulating China's extensive video games sector. Following the announcement Tencent shares dropped 16%, and NetEase shares slumped 25%. | ||
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Latest revision as of 08:55, 4 January 2024
Written by Dante Uzel on 03 January 2024 19:48
Recent reports by Reuters revealed that after the recent proposal of rules aimed at restricting spending on video games, China has reportedly removed Feng Shixin from his role as the head of the publishing unit within the Communist Party's Publicity Department. This department oversees the National Press and Publication Administration (NPPA), which plays a crucial role in regulating China's extensive video games sector. Following the announcement Tencent shares dropped 16%, and NetEase shares slumped 25%.
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