国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Tencent shares fall as online games curbs hit sentiment

By Cheng Yu | China Daily | Updated: 2018-09-01 09:40
Share
Share - WeChat
Share prices of large Chinese online gaming companies plunged on Friday as the government decided to clip the wings of the fast-growing sector. [Photo/VCG]

Share prices of large Chinese online gaming companies plunged on Friday as the government decided to clip the wings of the fast-growing sector.

Market leader Tencent Holdings Ltd led the slide with its Hong Kong-listed shares dropping 4.87 percent on Friday, after the government said it would restrict the number of new online games in the world's largest gaming market.

Shares of Perfect World Co Ltd declined 6.42 percent, while 37 Interactive Entertainment (Shanghai) Technology Co Ltd plunged by 9.98 percent.

Regulators from eight ministries said in a joint statement that "an adjustment and control on the total number of online games" was necessary. The document also outlined efforts to reduce gaming addiction among youngsters.

Analysts said the latest regulatory measures put pressure on domestic companies, with the smaller players set to face the heat in the long term.

"Even though the supervision will have some impact on the Chinese gaming market, it will not damage the sector. Some of the measures are beneficial for the sustainable development of the whole industry," said Pei Pei, an analyst at Sinolink Securities.

He said small and medium-sized game publishers, rather than the giants, will be the most affected.

"Even with the regulatory measures, big companies will have natural advantages. Therefore, small and medium-sized companies will have no choice but to rely on the bigger players to develop. They could even sell their products to their larger competitors," he added.

China accounts for one-fourth of the global industry's revenue, according to market research firm Newzoo. It forecast the country's total gaming revenue will reach $38 billion this year.

Pei said that due to the strict supervision at home, some gaming companies are turning their focus onto the overseas markets.

A report from analytics company App Annie said gaming companies saw a slowdown in the revenue earned from the domestic markets during the first six months of the year, despite a significant year-on-year growth of over 40 percent in overseas revenues from Apple Inc's iOS App Store and Google Play Store.

"As China's demographic dividend is disappearing, game developers need to seek new forms of expansion," said Kern Zhang, head of new business at App Annie China.

"While China's mobile game market has shown signs of saturation, overseas markets have grown at a faster pace. Eyeing the big potential in overseas markets, more and more mobile game publishers are ramping up their efforts to seek opportunities globally," he said.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
巴彦县| 五寨县| 丰县| 东乡县| 永泰县| 逊克县| 晋城| 北辰区| 泾川县| 崇左市| 盱眙县| 正定县| 三台县| 安远县| 高清| 兴安县| 偏关县| 古蔺县| 宁安市| 且末县| 宿松县| 福贡县| 灌南县| 德江县| 雅安市| 中宁县| 呈贡县| 介休市| 米泉市| 益阳市| 彰化县| 连云港市| 万源市| 麦盖提县| 日照市| 东兴市| 黄陵县| 开鲁县| 天台县| 丹江口市| 白玉县|