Santa Claus looks on at the 98th Annual Christmas Tree lighting ceremony at the New York Stock Exchange on December 1, 2021 in New York. Bryan R. Smith | Afp | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on … Read more
Mobile games in China range from League of Legends-like Honor of Kings to Source: Apple Inc. BEIJING — China’s proposed gaming rules would hit smaller developers more than large ones, while also reducing overall online advertising revenue, according to UBS. Tencent, NetEase and Bilibili shares plunged to their lowest in more than a year Friday … Read more
China’s first offline esports experience hall Tencent V-Station, Shanghai, China, October 31, 2020. Costfoto | Future Publishing | Getty Images Tencent lost about $43.5 billion in market value on Friday after China surprised financial markets with a fresh set of rules aimed at curbing excessive gaming and spending. The draft guidelines from China’s National Press … Read more
Folks sporting face masks crossing a avenue at Hong Kong’s Wan Chai district on Feb. 16, 2021. Zhang Wei | China Information Service | Getty Photographs Hong Kong’s benchmark index entered bear market territory Wednesday on an intraday foundation, erasing the rebound good points from China’s reopening. The Dangle Seng index hit a session low … Read more