Tencent Sheds $46 Billion in Market Cap After China Proposes Online-Gaming Curbs

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Updated Dec. 22, 2023 1:11 pm ET

Chinese authorities, who have long worried that videogames are bad for society, have taken another major step to wean people off them.

China’s videogame regulator on Friday proposed measures intended to reduce how much time and money people spend on computer games. It suggested eliminating incentives that can get people hooked on games, including rewards for playing daily, and limiting how much people can spend within the game.

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