Chinese government games crackdown sees Tencent and NetEase stock plummet

Chinese two biggest games companies, Tencent and NetEase, have lost a substantial amount of money in the wake of the prospect of increased regulation in the region. As reported by Bloomberg , the duo saw a combined loss in value that clocked in at over $60 billion on the night of Wednesday, September 8th. Apparently, execs from both Tencent and NetEase were summoned to a meeting with industry regulators where they were instructed to stop their “solitary focus” on profit and take steps to ensure kids weren’t becoming hooked to video games. That $60 billion loss is substantial, but the…