(AOF) – Ubisoft (-4.73% to 22.94 euros) begins the session under pressure as China plans to strengthen regulations for online video games. Beijing has published draft regulations for this sector that include restrictions on incentives to gamble or spend more online, reports the Wall Street Journal. On the Hong Kong Stock Exchange, Tencent shares, which own nearly 10% of Ubisoft’s capital, fell by more than 12%.
In recent years, Chinese authorities have launched a campaign aimed at limiting the time spent by Chinese people on video games. In 2021, the Chinese Ministry of Education had already taken steps in this direction. Beijing was worried about the increase in myopia among young Chinese, which it blamed in part on the development of smartphones.
© 2023 Agence Option Finance (AOF) – All reproduction rights reserved by AOF. AOF collects its data from the sources it considers the safest. However, the reader remains solely responsible for their interpretation and use of the information made available to them. The reader must therefore hold AOF and its contributors harmless from any claim resulting from this use. Agence Option Finance (AOF) is a brand of the Option Finance group
Did you like this article ? Share it with your friends using the buttons below.
