• Loading stock data...
Wednesday, July 30, 2025
Tuned In returns to NYC on September 16. Hear from the biggest names in sports media. Click here to get your spot

Tencent Part of $60B Loss Amid Gaming Restrictions

  • Tencent and NetEase lost more than $60 billion combined in market value on Thursday.
  • The drop comes as investors anticipate additional restrictions on gaming.
tencent_building
Tencent/Design: Alex Brooks

Tencent and NetEase lost more than $60 billion in combined market value on Thursday as investors anticipate additional restrictions on gaming. 

The drop in value is the result of Chinese regulators informing gaming companies on Wednesday that the country plans to delay approvals for all new online games

Chinese state media branded online games “mental opium” and added that games have a negative impact on the health of minors — which led to new regulations that restrict children to three hours of gaming per week. 

Chinese regulators ruled in July that Tencent failed to meet requirements on relinquishing exclusive rights. Since last year, the conglomerate has faced antitrust concerns over not reporting details of several investments and other anticompetitive practices.

Despite the challenges, Tencent remains a global leader in gaming. 

  • It took a majority stake in Berlin-based game maker Yager in June.
  • It acquired British gaming company Sumo Group in July for $1.27 billion.
  • It’s building a streaming platform after its merger of Huya and DouYu was blocked. 

Tencent generated $21.5 billion in revenue in Q2 2021, a 20% increase year-over-year. The company’s gaming business alone took in $6.6 billion in revenue, a 12% uptick compared to Q2 2020. 

Shares of Tencent dropped 8.48% after market close on Thursday, while NetEase fell 11%.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Top Five Mobile Games Made $7.2B in 2022

The top five mobile games made $7.2 billion in 2022.
Tencent

Tencent Lands Major Gaming Titles

Tencent is steadily adding to its gaming portfolio.
Anta Sports logo on side of building

Anta Mulls $1B IPO for Louisville Slugger, Wilson Owner

Anta Sports is considering taking one of its brands public.

Skydance Media Raises $400M to Build Sports Content

Skydance Media has completed a $400 million strategic investment round.

Featured Today

Las Vegas sign

College Sports Embracing Vegas After Years of Cold Shoulder

The Big Ten became the latest newcomer to Sin City.
2000, Jupiter, FL, USA; FILE PHOTO; Montreal Expos pitcher Hideki Irabu in action on the mound against the New York Mets at Roger Dean Stadium during Spring Training
July 28, 2025

Dead Sports Franchises Are Alive and Well on Twitter

The Expos, Sonics, and Whalers have active social media accounts.
Limited Hype
July 27, 2025

Sneaker Reselling Was Once Easy Money. Success Is Now Complicated

Vendors need to evolve what they’re selling and how they do it.
HAPPY GILMORE 2. BTS - (L to R) Adam Sandler as Happy Gilmore and Rory McIlroy as himself on the set of Happy Gilmore2.
July 26, 2025

‘Cool As Hell’: How ‘Happy Gilmore 2’ Hooked Golf’s Top Stars

The process was “cool as hell,” Adam Sandler tells FOS.

Thunder Favored, but Bettors Backing Pacers Big in NBA Finals

The most bet-on exact series outcome is the Thunder winning in five.
Fanduel
March 4, 2025

FanDuel Retains Sports Betting Crown With $14B in 2024 Revenue

The FanDuel parent company posts big increases in revenue and net income.
May 8, 2025

FanDuel Misses Projections As Betting Favorites Dominate 

FanDuel is hit by customer-friendly betting outcomes during March Madness.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
February 20, 2025

Americans Bet $148 Billion on Sports in 2024, Up 23.6%

Both overall handle and revenue rose by more than 20% last year.
DraftKings app
February 14, 2025

Lawsuit Says DraftKings VIP Program ‘Preyed On’ Gambling Addicts

The company’s being sued for negligence and intentional infliction of emotional distress.
August 20, 2024

Beloved ‘Backyard Sports’ Brand Says It Will Relaunch After Decade Hiatus

“Backyard Baseball” was a turn-of-the-century computer hit. 
DraftKings
August 2, 2024

DraftKings Announces Consumer Tax Starting Next Year

The company’s stock fell 5% Friday morning.