Players competing in a match of Tencent's mobile game honour of Kings during the 3rd Yangtze River Three Gorges esports Games (TGEG) in Chongqing on 14 July 2019. Photo: Imaginechina Players competing in a match of Tencent's mobile game honour of Kings during the 3rd Yangtze River Three Gorges esports Games (TGEG) in Chongqing on 14 July 2019. Photo: Imaginechina
Players competing in a match of Tencent's mobile game honour of Kings during the 3rd Yangtze River Three Gorges esports Games (TGEG) in Chongqing on 14 July 2019. Photo: Imaginechina
Stocks

Chinese media’s broadside and retraction send Tencent, NetEase and gaming stocks on a roller coaster ride that costs billions

  • Tencent, NetEase plunged more than 10 per cent in Hong Kong, CMGE Technology lost 20 per cent in mainland
  • A Xinhua News Agency unit publication slammed games as ‘spiritual opium’ and ‘electronic drugs’ for teenagers, students and even married couples

Topic |   Stocks
Players competing in a match of Tencent's mobile game honour of Kings during the 3rd Yangtze River Three Gorges esports Games (TGEG) in Chongqing on 14 July 2019. Photo: Imaginechina Players competing in a match of Tencent's mobile game honour of Kings during the 3rd Yangtze River Three Gorges esports Games (TGEG) in Chongqing on 14 July 2019. Photo: Imaginechina
Players competing in a match of Tencent's mobile game honour of Kings during the 3rd Yangtze River Three Gorges esports Games (TGEG) in Chongqing on 14 July 2019. Photo: Imaginechina
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