The Chinese government announces rules related to online games that stipulate ``abolition of daily bonuses,'' ``mandatory upper limit on charges,'' and ``prohibition of large amounts of coins in game distribution.''
National New Media Publishing Office 关于 Public Opening Request《网络游戏戏控制办法（Draft Quest Wanted View Draft）》Notice of Opinion-Notification Publication-National New Music Publishing Office
https://www.nppa.gov.cn/xxfb/tzgs/202312/t20231221_823187.html
Tencent rocked by new Chinese online gaming restrictions
https://www.ft.com/content/36580e3b-c6d6-486d-825b-bd084a010925
Tencent loses $50 billion in market value as China targets in-game spending | CNN Business
https://edition.cnn.com/2023/12/22/business/chinese-tech-giants-shares-plunge-online-gaming-ban-intl-hnk/index.html
$46bn wiped off Tencent's market cap after China proposes new gaming curbs - Nikkei Asia
https://asia.nikkei.com/Business/Technology/46bn-wiped-off-Tencent-s-market-cap-after-China-proposes-new-gaming-curbs
In order to prevent young people from becoming addicted to games, China has implemented various regulations, such as limiting the amount of time a game can be played , making it impossible to play a game unless you enter your real name , and suspending the issuance of licenses necessary for game release. We are doing
On December 22, 2023 local time, the National Administration of Newspaper, Publication, Publicity, and Telecommunications announced a new draft regulation following these. This draft regulation requires the introduction of a charge limit for online games, and also includes the implementation of 'daily login bonuses,' 'first login bonuses,' and 'consecutive login bonuses' to induce people to log into games. It will be prohibited.
In addition, the introduction of content that would lead to high-value transactions at auctions, etc. will also be prohibited, and large tips (tips) to players who live stream games will also be prohibited. Games will also be required to only provide real-name registration for players, and game publishers will be required to store data locally.
The National Press, Publication, Publicity and Television Administration is currently soliciting public opinions on the draft regulations, and the deadline is January 22, 2024.
According to CNN, this announcement caused the market capitalization of Chinese gaming company Tencent to plummet by $47 billion (approximately 6.7 trillion yen), marking the lowest stock price since October 2008. In addition, NetEase's stock price has plummeted by 25%, and it has lost $16.4 billion (about 2.3 trillion yen) in market capitalization. Shares of Bilibili, China's largest video-sharing platform, also fell by 9.7%, while shares of China's second-most popular short video platform
Nikkei Asia, the English version of the Nihon Keizai Shimbun, reports that executives at major Chinese game companies are more concerned about the ``introduction of billing restrictions'' than restrictions on ``the ability to prompt players to log in.'' The same person said, ``It is unclear whether this restriction applies only to minors or to adults, but it is likely that charges by adults will also be restricted.'' It seems that he spoke.
In addition, Vigo Zhan, vice president of Tencent, said, ``Currently, the amount of time and spending spent on games by minors is at an all-time low.'' 'It does not fundamentally change important factors such as the game's performance and the pace at which the game operates,' he said, downplaying the impact of the draft regulations.
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