Tencent makes nearly a third of its revenue from gamingSome of China’s largest internationally listed companies came under renewed selling pressure yesterday amid a fresh wave of concern over a regulatory crackdown by Beijing. The sell-off was triggered by Chinese state media branding online gaming as “spiritual opium” that was harming the country’s youth. SponsoredThe article singled out Honor of Kings, a game made by Tencent, China’s biggest video games operator. Tencent makes nearly a third of its revenue from gaming. The sell-off eased later and the shares closed down 6 per cent after Tencent said that it would introduce measures to reduce minors’ access to games and time spent

Source: The Times August 03, 2021 10:05 UTC