Gravitas: An article leads to a $60 billion loss for Tencent

China's crackdown on Chinese tech giants is intensifying. Tencent lost almost $60 billion dollars after a state media outlet called online games "electronic drugs" and "spiritual opium".

#Gravitas #Tencent #ChineseTech

About Channel:

WION -The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to the politics of the world. People are tired of biased reportage and we stand for a globalised united world. So for us the World is truly One.

Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs as well as personal insults.

Connect with us on our social media handles:

Follow us on Google News for latest updates

[brucewilson]

There is great irony in the CCP using 'spiritual' in any context.

[yeastori]

Chinese youths: CCP is too strong we can't stop them
CCP: No more video games
Chinese Youth: Hold my keyboard

[collinpowell]

The CCP will eventually leave 'TENCENT' with 10¢

[MarvellousMandala]

Just imagine how much Tencent could have lost when PUBG was banned in India. 😂

[shivam.]

How is Pakistan's iron brother china doing.. 😅
Palki roasting level🤟

[adityanaveensharma]

Well almost everything is good when consumed in a certain limit

[gnanteja]

I think its a good decision to limit the in app purchases and gaming time for under 12 year kids. I give tuition to a 8th class kid. He has 'gun skins' and freefire diamonds on his mind 24x7, nothing else. His mom couldnt stop him from playing. He plays almost 6 hrs a day. Politics aside, CCP's decision serves a purpose and is for the betterment of young minds.

[peterm]

Dont blame the players. NOBODY wants to read "glorious Jinping leninis-marxism glorious theory".

[jeffreysy]

probably the smartest thing they said. games are developed to be addictive. anything addictive is not really good for a person's well being!

[redvelvetcakeYUM]

Steve Jobs didn’t want his own kids having Apple products. That speaks volumes. Maybe a bit extreme or that’s due to translation however, we as a generation are addicted to escapism through technology.

[eren-quuu]

decison is good. people now can play in fresh air.

[srinivasgupta]

Dears understand . Sometime villain does good job.
1. Good for kids as they r not going to ruin their life.
2. Alibaba must be grateful to communist bosses all these years for not letting in any competitor.
So Indian press, do some smart reporting

[TheCAspeaks]

I appreciate this decision. Many teenager in India are wasting their life by falling in the PUBG like games. It's a Electronic Opium...Very Rightly said.

[AnupmaJ]

CCP's insecurity over tech giants' growing power is proving costly for international investors who might choose to stay away from the Chinese market going forward.
On a side note, limiting children's exposure time to online games will benefit the children in the long run. It's a good move towards building a strong nation.

[comradeleppi]

This is one of best decision CCP Done, they care for their students life.

[thrinethran]

This is one restraint the Chinese government imposed that I approve of, because kids ought not to have too much of this stuff. Most of the other attacks on tech companies are indiscriminate.

[MASTERmw]

This is weird, why is the ccp damaging one of its big companies that have huge control in gaming not just in China but in the west as well. This goes deeper than we can imagine .

[franksmith]

In the US tech companies go after the government 😆

[DaddyZhong.]

It’s foolish to blame the game or product for addiction. That is entirely the individual’s fault. You’re able to be addicted to anything. It’s about controlling yourself and your urges.

[chanchaniceman]

Any western investors deserves to lose their cash if you invest in these companies..