Gamers Beware: The CCP Is Coming for You
Commentary
Tencent Holdings and NetEase Inc.—both Chinese mega-tech companies deeply involved in gaming design and distribution—were hit hard over the last year and a half. Arbitrary rule in Beijing, decoupling, and a downturn in tech stocks walloped them, along with other Chinese companies that lost trillions of dollars from market selloffs.
But now big China tech is back. NetEase is the latest to grab international headlines. It plans to capture more international users with its global investment in design teams in the United States, Canada, Japan, and France.
In 2021 Beijing banned children from gaming more than three hours per week. The Chinese Communist Party (CCP) saw it as a form of “spiritual opium.”…
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