GameMakers
China regulations tank Netease and Tencent, Take-Two's $12B Zynga bet tumbles, Valorant Mobile, Insomniac Games leak, More layoffs, Winter sale and gaming deals | GO #4
Dec 28, 2023
Joseph Kim and Arthur Trusov discuss top charts and gaming news, including China's impact on Tencent and NetEase, Take-Two's $12B Zynga bet, Valorant Mobile, Insomniac Games leak, steam winter sale, and more layoffs at Sony.
41:12
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Quick takeaways
- China implements strict rules on gaming spend, causing significant drop in Tencent and NetEase share prices.
- Take-Two's $12 billion acquisition of Zynga questioned as Zynga's revenue and new game development decline.
Deep dives
China Implements Gaming Spend Curbs Impacting Tencent and NetEase
China has implemented strict rules to limit spending on online games, causing panic in investors and leading to a significant drop in share prices for Tencent and NetEase. The new rules set spending limits for online games, ban daily login rewards, and impose restrictions on live streaming. Additionally, game approvals must be processed within 60 days, and probability-based luck draw features are banned for minors. The Chinese government aims to earnestly study public concerns over the draft rules, but there is skepticism about potential rollback. This move reflects China's negative perception of video games, citing their impact on education and health.
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