Tencent shares fall as online games curbs hit sentiment
By Cheng Yu | China Daily | Updated: 2018-09-01 07:38
Share prices of large Chinese online gaming companies plunged on Friday as the government decided to clip the wings of the fast-growing sector.
Market leader Tencent Holdings Ltd led the slide with its Hong Kong-listed shares dropping 4.87 percent on Friday, after the government said it would restrict the number of new online games in the world's largest gaming market.
Shares of Perfect World Co Ltd declined 6.42 percent, while 37 Interactive Entertainment (Shanghai) Technology Co Ltd plunged by 9.98 percent.
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