The Chinese gaming market is one of the largest in the world. From a global perspective, it is expected that the highest revenues on this market will be generated by . In 2023, it is estimated at USD 112.00 billion. However, out of concern for gamers, the Middle Kingdom has adopted regulations aimed at “protecting and promoting the healthy and prosperous development of the online industry.” However, the planned restrictions may completely change this industry.
China. Online gaming restrictions
All motivational mechanisms are to disappear from games. Online games are to be deprived of the possibility of awarding prizes to players who log in every day and make the first or subsequent entries. Additionally, the games are set to set limits on the amount players can top up their digital wallets as in-game spending. Speculation and auctions of virtual game items are also prohibited, he describes.
New regulations have disrupted the industry
As soon as the bill providing for these changes emerged, the shares of China’s largest game producers dropped dramatically. Shares of Tencent Holdings at one point fell as much as 16 percent, while shares of its closest rival, NetEase, fell as much as 25 percent. Reuters describes that in total these companies lost almost PLN 80 billion.
The Chinese raised serious concerns about whether the new law would actually ensure the healthy development of the industry. There were so many doubts that the government announced that it would improve the proposed regulations after “careful study” of public opinion. Comments on these regulations can be submitted until January 22.
Source: Gazeta
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