News Snapshot:
Tencent ( TECHY ) and NetEase ( NTES ) - Get NetEase, Inc. Sponsored ADR (NTES) Report shares slumped lower Thursday after Chinese regulators continued their crackdown on screen time as the government looks to curb video game use by the nation's youth. Beijing summoned e-commerce giant Tencent and gaming company NetEase to "seriously deal with" violations to the rules of China's propaganda department, cyberspace regulator and other authorities, according to media reports. The South China Morning Post also reported that Beijing temporarily suspended approval for all new online video games in an effort to slow gaming addiction among young...
