China limits children to online games 3 hours a week | WGN Radio 720

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Beijing (AP) — China bans children from playing online games for more than three hours a week. This is the strictest limit ever in the gaming industry as Chinese regulators continue to crack down on the tech sector.

According to a notice from the National Press and Publishing Office, minors in China can only play the game on Fridays, weekends, and public holidays from September 1st, from 8pm to 9pm.

This limits the game to 3 hours a week for most weeks of the year. This is a reduction from the previous limit set in 2019, which allowed minors to play the game for an hour and a half a day and three hours on public holidays.

The new regulations are affecting some of China’s largest tech companies, including Honor of Kings’ online multiplayer game Tencent, the world’s most popular game giant, and game company NetEase.

Tencent’s share price fell 0.6% to HK $ 465.80 on Monday prior to the regulatory announcement. Market capitalization of $ 573 billion has fallen by more than $ 300 billion from its February peak, Nike Inc. Or Pfizer Inc. It exceeds the total value of.

The stock price of Hong Kong NetEase, which is listed on New York, fell by about 9% when the market opened.

Gaming restrictions continue to crack down on tech companies, amid concerns that tech companies, many of which offer ubiquitous messaging, payments, and gaming services, could have a significant impact on society. It is a part.

Earlier this month, Tencent announced that it would limit minors’ game time to one hour a day and two hours on vacation, banning children under the age of 12 from making in-game purchases.

The company issued a curb after state newspapers criticized the game industry and called the game “spiritual opium.”

Regulators announced in a notice on Monday that they would strengthen the supervision of online game companies, increase the frequency of inspections, and ensure strict compliance with regulations.

Chinese authorities have been targeting e-commerce and online education in recent months, implementing new regulations to curb anti-competitive behavior after years of rapid growth in the technology sector.

Authorities last month banned tutoring companies in core school subjects from making a profit, clearing billions of market values ​​from online education companies such as TAL Education and Gaotu Techedu.

China limits children to online games 3 hours a week | WGN Radio 720

Source link China limits children to online games 3 hours a week | WGN Radio 720

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