Chinese internet and gaming company NetEase (NASDAQ:NTES) reported fourth quarter earnings that beat analyst expectations, but revenue fell short of estimates, sending shares down 4.20% in after-hours trading.
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China’s gaming regulator has removed from its website rules it proposed last month aimed at curbing spending and rewards that encourage playing video games, checks by Reuters on Tuesday showed, in a move that boosted gaming company shares.
China’s top gaming regulator said it will “carefully study” the concerns of all stakeholders on draft rules aimed at curbing excessive online gaming and spending.
China’s top gaming regulator said it will “carefully study” the concerns of all stakeholders on draft rules aimed at curbing excessive online gaming and spending.
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