China is as soon as once more seeking to impose tighter regulation on its online game market.
The nation’s leisure and content material regulator, the Nationwide Press and Publication Administration, has launched proposed laws that will see video games corporations restricted in how they might incentivise gamers to go online to their titles. This contains banning rewards for logging in on daily basis.
Moreover, the draft laws calls for that video games corporations have their server {hardware} inside China, in addition to saying that video games mustn’t function state secrets and techniques or pose a hazard to nationwide safety.
Because of these proposed modifications to how video games companies within the nation, a number of large names reminiscent of Tencent and NetEase have seen large hits to their share value. The previous has see a 12.4 per cent dive – its largest drop in a single day – whereas the latter has fallen by 24 per cent.
As reported by the FT, Tencent VP Vigo Zhang mentioned that this proposed laws represents “no elementary modifications” to the way it operates as an organization.