New Delhi (CNN Business) Tencent has announced new limits on the amount of time minors can spend playing the company's online games, even as investors worry that China may extend its historic crackdown on the private sector to the gaming industry. "It turns out 'spiritual opium' has grown into a multi-billion dollar industry," the article read. "Insiders warn: watch out for the harm of online games." young people are addicted to, and said that "industry insiders should be vigilant of the harmful effects of online games, and that appropriate regulations should be adopted early on." Tencent's shares fell over 10% in Hong Kong on Tuesday, but recovered some of the losses to finish the day down 6%.

Source: CNN August 03, 2021 10:18 UTC