Yahoo Web Search

Search results

1. • Surprise imposition of new gaming curbs

     • (Bloomberg) -- Tencent Holdings Ltd. led an $80 billion selloff in some of China’s biggest online names, after the surprise imposition of new gaming curbs revived fears Beijing may again be targeting the country’s giant internet sector.
     finance.yahoo.com/news/tencent-plunges-china-unveils-latest-035725526.html

     Tencent Leads $80 Billion Rout as China Rekindles Crackdown Fear

2. People also ask

   Why did Tencent lead a $80 billion selloff?

   • (Bloomberg) -- Tencent Holdings Ltd. led an $80 billion selloff in some of China’s biggest online names, after the surprise imposition of new gaming curbs revived fears Beijing may again be targeting the country’s giant internet sector.

   Yahoo Finance - Tencent Leads $80 Billion Rout as China Rekindles

   finance.yahoo.com/news/tencent-plunges-china-unveils-latest-035725526.html

   See all results for this question

   Why did Tencent lose $40 billion in value in Hong Kong?

   • Tencent lost over $40 billion in value after its shares crashed in Hong Kong trading. China’s video gaming industry thought it had made it through Beijing’s government crackdown.

   Tencent, NetEase lose billions in value after China surprise gaming

   fortune.com/asia/2023/12/22/tencent-netease-shares-plunge-china-beijing-new-rules-spending-limits/

   See all results for this question

   What happened to Tencent before Friday's sell-off?

   • Before Friday’s sell off, Tencent had rebounded 64% from its historic low on October 28, 2022. Shares of several Chinese tech giants tanked in Hong Kong, after Beijing unveiled a new set of regulations to restrict online spending in the gaming industry as part of its wider crackdown.

   Tencent loses $50 billion in market value as China targets in-game

   www.cnn.com/2023/12/22/business/chinese-tech-giants-shares-plunge-online-gaming-ban-intl-hnk/index.html

   See all results for this question

   What happened to Tencent & NetEase?

   • Games giant Tencent saw its share price drop as much as 16% while the stock of its rival NetEase tumbled a record 28%. Shares of the social-media service Bilibili, which is popular with gamers, tanked 14%. These three stocks alone lost over $80 billion in market value on Friday after China's announcement, according to Bloomberg's calculations.

   China Does Damage Control After Video-Game Rules Sparked $80B Mel…

   www.businessinsider.com/china-damage-control-crackdown-online-games-tencent-netease-selloff-2023-12

   See all results for this question

   How much is Tencent worth?

   • After today’s share plunge, Tencent is worth $333 billion. The company generated $21.5 billion in revenue last quarter, a 10% increase from the year before. Chinese regulators will accept feedback on the new rules until Jan. 22, 2024. The NPPA did not give an indication of when the new rules will go into effect.

   Tencent, NetEase lose billions in value after China surprise gaming

   fortune.com/asia/2023/12/22/tencent-netease-shares-plunge-china-beijing-new-rules-spending-limits/

   See all results for this question

   What happened to Tencent in Hong Kong?

   • But now, with just one week left in the year, Beijing has shocked both game companies and investors, with broad new rules from the National Press and Publication Administration (NPPA), the industry regulator. Tencent shares plunged by 12% in Hong Kong trading, wiping over $40 billion from the company’s market value.

   Tencent, NetEase lose billions in value after China surprise gaming

   fortune.com/asia/2023/12/22/tencent-netease-shares-plunge-china-beijing-new-rules-spending-limits/

   See all results for this question

3. www.businessinsider.com › china-damage-controlChina Does Damage Control After Video-Game Rules Sparked $80B ...

   www.businessinsider.com › china-damage-control

   • Cached

   Dec 25, 2023 · China's announcement of new draft rules targeting online gaming sparked a $80 billion markets selloff, hitting companies like Tencent, NetEase, and Bilibili.

   • Author: Huileng Tan

   • Founder: Henry Blodget

4. Videos

   • 

     4:59

     youtube.com

     What is Tencent? | CNBC Explains

     7 Dec 2017

     1.1M views

   • 

     16:38

     youtube.com

     The Rise and Fall of Tencent

     25 Oct 2022

     143.2K views

   • 

     3:04

     youtube.com

     Tencent Leads China Tech Selloff Amid Fears of Further Crackdown

     21 Feb 2022

     22.2K views

   View all

5. www.cnn.com › 2023/12/22 › businessTencent loses $50 billion in market value as China targets in ...

   www.cnn.com › 2023/12/22 › business

   • Cached

   Dec 22, 2023 · The drop wiped 367 billion Hong Kong dollars ($47 billion) off Tencent’s market value, according to CNN calculation based on the stock market statistics.

6. fortune.com › asia › 2023/12/22Tencent, NetEase lose billions in value after China surprise ...

   fortune.com › asia › 2023/12/22

   • Cached

   Dec 22, 2023 · Tencent shares plunged by 12% in Hong Kong trading, wiping over $40 billion from the company’s market value. Shares in NetEase, another major game developer, fell by almost 25%. In total,...

   • Author: Lionel Lim

7. www.business-standard.com › companies › newsTencent leads $80 billion rout as China gaming curbs revive ...

   www.business-standard.com › companies › news

   • Cached

   Dec 22, 2023 · Tencent Holdings Ltd. led an $80 billion selloff in some of China’s biggest online names, after the surprise imposition of new gaming curbs revived fears Beijing may again be targeting the country’s giant internet sector.

8. www.channelnewsasia.com › asia › china-video-gamesChina’s latest video gaming curbs had their merits. Why did ...

   www.channelnewsasia.com › asia › china-video-games

   • Cached

   Chinese gaming titan Tencent, its closest rival NetEase and Bilibili, a social media platform popular with users, shed a combined US$80 billion in market value within a day.

9. www.benzinga.com › markets › asiaTencent Stock Takes $54B Hit As China Introduces New Online ...

   www.benzinga.com › markets › asia

   • Cached

   Dec 22, 2023 · This announcement led to an $80 billion market selloff spearheaded by $54 billion in Hong Kong-listed Tencent Holdings Ltd. TCEHY. What Happened: The new regulations, introduced on...