Tencent Stock: Don't Panic On The New Gaming Rules (OTCMKTS:TCEHY)

Elephant’s fear of mice MediaProduction What are the new regulatory proposals for the Chinese gaming industry? Reuters has a short summary of the new regulatory proposals that hit the shares of gaming companies in China so heavily overnight: Tencent (OTCPK:TCEHY) (OTCPK:TCTZF) was down up to 15%, while NetEase (NTES) (OTCPK:NETTF) lost even 25%. The new rules will effectively set spending limits for online games. Online games will now be banned from giving players rewards if they log in every day, if they spend on the game for the first time or if they spend several times on the game consecutively….