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One article spook selloff
$TENCENT (00700.HK)$
All they need to spark selloff is to do a balloon test like this. Probably will spook the rest of Chinese shares listed at Nasdaq.
All they need to spark selloff is to do a balloon test like this. Probably will spook the rest of Chinese shares listed at Nasdaq.
in summary, an article from CCP official newspaper mouthpiece says online gaming is akin to opium addiction, asking regulators to regulate further.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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廡所事事的人 : the crack down is on education
Markio1315 OP 廡所事事的人 : cracking down gaming soon. hence spook selloff on basis of more CCP intervention
102968938 : If gaming only contributes a small percentage of the company revenue, then it is over sold .
What is gaming revenue %? From moomoo app, the % seems to be not controlling
102938462 : In 2020, its online games grossed 156 billion yuan – a drastic increase compared to 2010. This made up 32 percent of the Chinese tech giant's annual revenue.