China's largest video game market. Local technology company Tencent Holdings holds significant holdings in the market. The Chinese government is going to take control of the game as the young generation of Chinese becomes very addicted to online video game. Tencent is going to fall in crisis. News Reuters and CNBC.Tencent shares fell 5 percent to 6 percent on Friday. As a result, the market value of the company dropped by around 2 billion dollars. On the same day, other video game makers of China also reduced their share prices.Tensent accuses China's new regulatory agencies of interrupting sales of a new video game. Earlier this month, the company closed the sale of a video game titled 'Monster Hunter: World' on a complaint of violation of the policy. A few months ago Tencent has specified video games for children in terms of Chinese government's request.
On Thursday, the Chinese Ministry of Education said the young generation was becoming more addicted to the video game. This is due to the policy of video game release and display. How many gaming companies can uncover and how long the youth will be able to play games, steps will be taken. However, details of new details and time specifications were not announced.According to China's state media reports, the young generation of the country has become addicted to the video game. They are spending more time playing games. As a result, their education is being interrupted. At the same time they are experiencing different types of physical and mental problems.Tencent is under pressure in China's gaming market. The company has already faced many obstacles in the regulatory body of the country. The impact of the company's profits is profits. Tensent recently announced in their financial statements that their profits have declined for the first time in 13 years.
